Aggressively choppy forex market price action has made for similarly mixed trading crowd sentiment, giving a decidedly mixed forecast for the Euro/US Dollar currency pair. The majority of traders have sold into the most recent EURUSD bounce off of its lows—giving us an ostensibly bullish contrarian forecast. Yet the percentage of traders long the EURUSD stands at a mere 49 percent, just barely off of the neutral 50 mark. We would ideally see a larger swing in forex market sentiment before taking a stronger stance on the Euro/US Dollar.
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