We’re at a potentially big turning point for the Euro against the US Dollar as our forex sentiment data favors Greenback strength. What could confirm?
View individual currency sections:
EURUSD – Euro Top Might be in Place, Here’s the Trade We’re Watching
GBPUSD – British Pound May Have Set Major Top and Here’s Why
USDJPY – Japanese Yen Pullback Sets us Up for USDJPY Long
GOLD – Gold Forecast Modestly Bullish, but This Factor Limits Our Enthusiasm
SPX500 – SP 500 Shows Real Sign of Weakness, but When’s the Big Turn?
AUDUSD – Australian Dollar Turnaround at Clear Risk – Time to Sell?
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Our proprietary Speculative Sentiment Index data recently showed that retail FX traders hit their most short EURUSD on record, and a recent shift in sentiment warns that we might be at an important turning point for the Dollar more broadly.
Read full currency pair-by-currency pair rundowns in the links above, and follow future updates on retail sentiment and our trading strategies via my e-mail distribution list.
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— Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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