EURO FUTURES, EURUSD FUNDAMENTAL WEEKLY OUTLOOK
What we have here is the fundamental outlook from the Net-positions of Big Fund Managers.
Fund Managers are normally trend following.
Every time there is a negative or positive divergence between the price chart and the Fund Managers Net positions, Price usually follows next forming the trend.
Fund Managers net positions moves the market because they have big reportable positions to the CFTC.
We are currently approaching a Daily and Weekly Supply zone which could be the cause of price falling down in the next few weeks.
Also, Euro is negatively correlated to DXY, wherein we are currently in the oversold reading.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
Fund Managers are normally trend following.
Every time there is a negative or positive divergence between the price chart and the Fund Managers Net positions, Price usually follows next forming the trend.
Fund Managers net positions moves the market because they have big reportable positions to the CFTC.
We are currently approaching a Daily and Weekly Supply zone which could be the cause of price falling down in the next few weeks.
Also, Euro is negatively correlated to DXY, wherein we are currently in the oversold reading.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
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