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| Commitment of Traders Report COT CFTC - US Dollar Index - 13 December 2011 |
How would you use the COT US Dollar Index to trade EUR/USD?
Above is the EUR/USD chart along with the COT chart for US Dollar Index (ICE Futures). The commercials are net short of the dollar since reporting date 11 September 2011. The EUR/USD has since gone downhill from there.
Although there were some sort of a bull trap for the EUR/USD as you can see on 23 October 2011, if you have stayed with the commercials you would have avoided going long.
Now the short position is still in play.
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