FX.co ★ berta.hill | EUR/USD

Hello traders, In the EUR/USD market, COT reports show that the interest in selling the euro has significantly increased. Over the past five weeks, market participants have consistently reduced their overall long position on the euro, which previously reached peak levels in the last two and a half years. Currently, the volume of this position has dropped to the lowest level in the past 12 months. Major players may switch to a net short position on the euro in the near future. If the current trend continues, this will create additional downward pressure on the EUR/USD pair.