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Saturday, September 11, 2021

♻️ EURUSD: mid-term analysis for September 13 - 17.

♻️ EURUSD: mid-term analysis for September 13 - 17.

EUR/USD OANDA:EURUSD

According to the current CoT reports the total market volume decreased by 2%, amounting to a monetary figure of $217 billion 525 million.
The net outperformance of bullish positions continued to increase. Thus, over the past week, the bulls further increased their preponderance by another 40%, 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 (1.1780) and a subsequent rise with targets: market maker's balance (1.1850) and market maker's lowest net profit level (1.1930).
πŸ”₯ A $61m increase in sell-side positions further increases the probability of reaching the market maker's upper boundary level (1.1930).
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