The bullish count that has been preferred is in black lettering and the alternate count is in red. We have favored the bullish count for a number of reasons but the biggest is that COT positioning is very EURO bullish and USD bearish at this point. As long as price is above 1.5364, the bullish count is favored. A drop below there triggers the alternate bearish count.
Visit our recently updated Euro Currency Room for specific resources geared towards this currency.
STRATEGY: Bullish, against 1.5364, target above 1.5834
Al Bawaba
