Over the past trading week, the net outperformance of the buyers has decreased by 11%.
🌐 The continuation of the daily decline further confirms the 1% decrease in locked positions.
According to the current CoT reports the market volume has decreased by 6%.
The nearest medium-term resistance is the strike level of the hedger resistance zone (1.1800).
👉 In case of a successful test of the mentioned resistance (1.1800) we expect a downgrade with the target: loss of the market maker (1.1690).
In case of breakdown and fixation below 1.1690 the hedge support zone (1.1621) is the next support for intra-trade week.
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