Sentiment regarding
DXY
seems extreme (13 year old asking Warren Buffett how he prepares for end of USD reserve currency status, newspapers printing quite some headlines about gold).
I looked at the CoT in
EURUSD
- Futures ($6E):
Historically (last 10y), commercial hedgers seem to nail it, regarding tops and bottoms in the market. When Open Interest is high and starts to decrease again, to make money one should stand on their side of the bet. Now they are being quite short, with the Open Interest being comparably wide to previous extemes in the last 10 years.
I think, fundamentally it is time to look for short setups (aka long USD) here...
DXY
seems extreme (13 year old asking Warren Buffett how he prepares for end of USD reserve currency status, newspapers printing quite some headlines about gold). I looked at the CoT in
EURUSD
- Futures ($6E): Historically (last 10y), commercial hedgers seem to nail it, regarding tops and bottoms in the market. When Open Interest is high and starts to decrease again, to make money one should stand on their side of the bet. Now they are being quite short, with the Open Interest being comparably wide to previous extemes in the last 10 years.
I think, fundamentally it is time to look for short setups (aka long USD) here...