According to last COT reports ;
Non Commercials have added 5288 contracts to long positions and reduced 2271 of short ones in EBRO,
as of YEN, they have reduced long positions 18.452 contracts and added to short ones 6811 contracts.
In the result , EURO is getting more stronger against YEN.
In the technical dimension;
Price has broken 130.200 local support zone and is making his retracement around 0.38 Fibo level nowadays.
I am expecting a retracement between 0.5 level and 0.681 Fibo level for opening a long position with a higher risk reward ratio.
Non Commercials have added 5288 contracts to long positions and reduced 2271 of short ones in EBRO,
as of YEN, they have reduced long positions 18.452 contracts and added to short ones 6811 contracts.
In the result , EURO is getting more stronger against YEN.
In the technical dimension;
Price has broken 130.200 local support zone and is making his retracement around 0.38 Fibo level nowadays.
I am expecting a retracement between 0.5 level and 0.681 Fibo level for opening a long position with a higher risk reward ratio.
Ordre annulé:
price did not exited from the fitchfork