EUR/CAD is showing significant potential for continued upside, with large speculators holding long positions, according to the latest COT data. This institutional positioning stands in contrast to the prevailing retail sentiment, which remains predominantly bearish, often signaling that retail traders are positioned against the trend.
Retail traders, who are typically contrarian in nature, tend to be on the wrong side of the market when they are overwhelmingly bearish. This dynamic provides an opportunity for institutional traders to push EUR/CAD higher, as they target retail stop-loss orders below key levels.
With institutional long positions supporting the bullish trend and retail traders positioned on the opposite side, EUR/CAD appears poised for further gains. Traders should watch for key support levels and potential liquidity zones to find fresh entry points as the bullish momentum continues to build.
Retail traders, who are typically contrarian in nature, tend to be on the wrong side of the market when they are overwhelmingly bearish. This dynamic provides an opportunity for institutional traders to push EUR/CAD higher, as they target retail stop-loss orders below key levels.
With institutional long positions supporting the bullish trend and retail traders positioned on the opposite side, EUR/CAD appears poised for further gains. Traders should watch for key support levels and potential liquidity zones to find fresh entry points as the bullish momentum continues to build.
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