Trade
Follow Us

Resources

Euro Forecast to Rally Further versus US Dollar

By David Rodriguez, Quantitative Strategist
26 November 2009 16:36 GMT

Forex_Trading_2009-11-26_2

EURUSD – The ratio of long to short positions in the EURUSD stands at -1.92 as nearly 66% of traders are short. Yesterday, the ratio was at -3.87 as 79% of open positions were short. In detail, long positions are 44.5% higher than yesterday and 22.6% weaker since last week. Short positions are 28.3% lower than yesterday and 4.9% stronger since last week. Open interest is 13.4% weaker than yesterday and 1.3% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

 

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

26 November 2009 16:36 GMT