hello guys here's a little chart where we can clearly see a buy zone of Euro against the $. I'm paying attention into the zone due to a series of facts:
1) net long position in the last commitment of traders
2) it's a buy zone or at least it has been recently
3) be aware of positive economic data for US, this means wait nonfarm payrolls tomorrow
4) remember, higher interest rate are bearish for a currency.. so bullish for euro.. bearish $
5) look also at RSI
best regards,
docCDS
1) net long position in the last commitment of traders
2) it's a buy zone or at least it has been recently
3) be aware of positive economic data for US, this means wait nonfarm payrolls tomorrow
4) remember, higher interest rate are bearish for a currency.. so bullish for euro.. bearish $
5) look also at RSI
best regards,
docCDS