EUR Signal: Bearish but forming a bottom
EUR: The % of total commercial positions that are long measured through a 52 week percentile is at 88 and the % of total speculative positions that are long measured through a 52 week percentile is at 37. The 13 week COT index is at 8 and argues for a EUR low to form in the next week or two.
US Dollar Signal: Bullish but forming a top
US Dollar Index: The % of total commercial positions that are long measured through a 52 week percentile is at 16 and the % of total speculative positions that are long measured through a 52 week percentile is at 49. Speculators are buying dollars right now and hedgers are selling. The dollar is likely to gain for a week or two more until a short term bullish extreme is registered.