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Deutsche TradingFX in EURUSD TRADES & ANALYSIS,

Large traders added shorts for EURO FX futures contract and EURUSD Elliot Wave Outlook

By CountingPips.com

The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large trader and speculator bets for the US dollar rose to the highest level of the last six weeks and recorded the largest weekly gain since June 10th.

Notable changes on the week for the Major Currencies:

  • Euro positions, after taking a multi-week pause around the -60,000 contract level, deteriorated sharply last week and pushed euro positions to their lowest level (or most bearish) since 2012. Euro positions are now the most bearish of the major currencies

ClubdeCapitales.com publish their elliot wave outlook for EURUSD, which match out’s at EURUSD Trades.