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The level of the highest net profit of the seller closest to expiration of the weekly option contracts decreased from 1.2000 to 1.1952.
ð The overweight of buyers decreased by 14%. The total market size according to CoT reports increased by 1%. All this taken together indicates a likely continuation of the decline during the coming trading week.
During the first half of the new trading week, we expect the weekly resistance area of ââhedgers to rise to the premium level (1.2012).
In case of a successful test of the indicated resistance, we expect a decline to the nearest option support at 1.1914.
The ultimate target of the decline until the end of the trading week is the level of the lowest profit of the market maker (1.1852).
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