Good insight on the COT report. We actually caught the same thing in our
Weekly COT analysis
1) Sentiment is at an extreme, which signals a turn.
2) Technically, we RSI divergence (where RSI fell despite the all time high hit by the EUR/USD on friday)
3) Fundamentally, we are beginning to see some pretty bad data with the German retail sales falling sharply, consumer confidence deteriorating etc.
Although now represents good risk/reward. I wouldnt be a seller until we break Friday's 1.3586 low.
