EUR Signal: Bearish but very close to an important bottom
EUR: The % of total commercial positions that are long measured through a 52 week percentile is at 94 and the % of total speculative positions that are long measured through a 52 week percentile is at 20. The 13 week COT index is at 0 and argues for a EUR low to form in the next week or two.
USD Signal: Bullish
USD: The % of total commercial positions that are long measured through a 52 week percentile is at 10 and the % of total speculative positions that are long measured through a 52 week percentile is at 73. Speculators are buying dollars right now and hedgers are selling. The dollar will continue to gain until a short term bullish extreme is registered.