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US Dollar at Significant Risk of a Larger Breakdown

By , Quantitative Strategist
10 April 2014 14:40 GMT

- Forex trading crowds buying aggressively into US Dollar weakness across the board

- The Greenback looks at special risk of larger breakdown versus the Euro, Yen, Sterling

- We’re watching the next moves crowd sentiment to gauge likelihood of bigger moves

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

View individual currency sections:

EURUSD - Euro Forecast to Test Fresh Multi-Year Highs

GBPUSD - British Pound Likely to Break to Fresh 5-Year Highs

USDJPY - Dollar at Critical Price Levels versus Japanese Yen

EURJPY - Euro Not out of the Woods versus Japanese Yen

GOLD - Gold Prices Show Signs of Life, May Recover Further

AUDUSD - Australian Dollar Rally Hits Potential Inflection Point

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_12.png, US Dollar at Significant Risk of a Larger Breakdown

The trading crowd is buying aggressively into US Dollar weakness, and the downtrodden Greenback risks a larger breakdown versus the Euro, Yen, and GBP.

See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.

ssi_table_story_body_Picture_13.png, US Dollar at Significant Risk of a Larger Breakdown

ssi_table_story_body_Picture_5.png, US Dollar at Significant Risk of a Larger Breakdown

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

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10 April 2014 14:40 GMT