The past week has seen the recovery in EURUSD gather steam with the break above notable resistance at 1.1720-25 confirming that the pair has based out at 1.15, while signaling that the momentum is on the upside. As such, this opens a run in for the June 14th high at 1.1850, which is the final hurdle before a potential move towards the key 1.20 level. However, if the pair falls back towards 1.1600-50 could suggest another corrective move to test 1.1500-10 support zone. ...
US 500: Retail trader data shows 39.1% of traders are net-long with the ratio of traders short to long at 1.56 to 1. In fact, traders have remained net-short since May 03 when US 500 traded near 2652.24; price has moved 3.3% higher since then. The number of traders net-long is 5.2% lower than yesterday and 5.6% lower from last week, while the number of traders net-short is 8.7% higher than yesterday and 13.6% higher from last week. We typically ...