USD Longs Decrease, Specs Add To EUR Shorts

 | Jul 07, 2015 07:46AM ET

CFTC COT Data

  • USD aggregated net long positions decreases 3% to 26.2Bln
  • EUR net spec shorts increases 0.5% to 13.9Bln
  • JPY short positioning decreases 9.1% to 8Bln
  • AUD net shorts increases 32% to 927 Mln

EUR/USD Outlook – Bullish

  • Momentum ticks higher
  • Strength still negative
  • Index continues positive, just off highs
  • Order Flow Trader bearish