FOREX ALERTS >>
DailyFX Plus Login

eur ssi

Article

Euro Forecast to Decline According to Forex Sentiment
Thursday, 09 April 2009 15:42:50 GMT  |  David Rodriguez, Quantitative Strategist
Delicious
Facebook

EUR/USD ratio: 1.17
Trading Forecast: Bearish

040909_ssi_2

EURUSD – Our forex trading signals recently sold the Euro against the US Dollar, as shifts in forex sentiment signaled that further EUR/USD losses are likely. The ratio of long to short positions in the EURUSD stands at 1.17 as nearly 54% of traders are long. Yesterday, the ratio was at -1.25 as 56% of open positions were short. In detail, long positions are 35.6% higher than yesterday and 14.5% stronger since last week. Short positions are 7.5% lower than yesterday and 14.1% stronger since last week. Open interest is 11.6% stronger than yesterday and 39.3% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.

More Articles

Feedback Form