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Euro Forecast Calls for Further Gains for This Reason

By , Quantitative Strategist
25 July 2013 14:45 GMT
ssi_eur-usd_body_Picture_12.png, Euro Forecast Calls for Further Gains for This Reason

EURUSD – Our Euro forecast calls for further strength as our retail forex trader sentiment indicator gives consistent signal for further EURUSD gains.

Trade Implications – EURUSD: Traders have remained short the Euro against the US Dollar since it crossed above the $1.28 mark, and as long as that remains the case we’ll remain in favor of EURUSD strength. Our sentiment-based Momentum2 system continues buying into strength and remains our favored trading strategy through current market conditions.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

ssi_eur-usd_body_Picture_6.png, Euro Forecast Calls for Further Gains for This Reason

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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25 July 2013 14:45 GMT