Swiss Franc Longs Highest Since December 2004 The COT Ind ex is the percentile of the difference between net speculative positioning and net commercial positioning measured over a specific number of weeks (13). A reading close to 0 is bearish if the currency in question has reversed from a uptrend and is bullish if the currency has been declining for a significant amount of time. Read more on Daily FX EURUSD: Trend Change in Progress? Our EURUSD short at 1.3829 was stopped out as prices closed above the stop-loss level at 1.4035. Beyond invalidating the March 7 swing top, the key question going forward is whether last week’s price action amounts to a trend-changing development…. Click Here to Read More