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Saturday, June 05, 2021

♻️ EURUSD: medium-term analysis for 7 - 11 June.

♻️ EURUSD: medium-term analysis for 7 - 11 June.


According to the current CoT reports, the total market volume decreased by 1%, amounting to a cash figure of $241bn 66m.
The net outperformance of bullish positions continued to increase. Thus, over the past week, the bulls further increased their preponderance by another 1%, indicating a likely continuation of the upside.
πŸ’  Partial decrease in locked positions of investors suggests a likely unidirectional movement of the asset quotations during the new trading week.
The main scenario is a successful test of the market maker's loss (1.2048) and a subsequent rise with targets: hedge zone premium (1.2213) and market maker's loss (1.2298).
πŸ”₯ A $86m gain in sell positions further increases the probability of reaching the market maker's upper boundary level (1.2298).
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