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Euro Forecast to Break Lower Against US Dollar

By David Rodriguez, Quantitative Strategist
10 December 2009 15:02 GMT

SSI1210EURUSD

EURUSD – The ratio of long to short positions in the EURUSD stands at 1.47 as nearly 59% of traders are long. Yesterday, the ratio was at 1.51 as 60% of open positions were long. In detail, long positions are 3.1% higher than yesterday and 92.4% stronger since last week. Short positions are 6.3% higher than yesterday and 25.9% weaker since last week. Open interest is 4.4% stronger than yesterday and 14.3% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.

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10 December 2009 15:02 GMT