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Euro Accurately Forecast to Rally Against US Dollar
Thursday, 11 December 2008 15:06:36 GMT
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- Friday, 18 September 2009 15:00:55 GMT Euro Forecast Remains Bullish on Sentiment Extremes
- Thursday, 13 August 2009 14:50:55 GMT Euro Forecast Modestly Bullish versus US Dollar
- Thursday, 30 July 2009 14:32:20 GMT Euro Forecast Turns Bearish on Forex Sentiment
- Thursday, 16 July 2009 14:22:30 GMT Euro Forecast Bullish but Range High Remains Key
- Thursday, 02 July 2009 15:23:50 GMT Euro Forecast to Decline Further on Shift in Forex Sentiment
- Thursday, 04 June 2009 14:19:51 GMT Euro Forecast Unclear on Sharp Shifts in Forex Sentiment
- Thursday, 28 May 2009 14:33:30 GMT Euro Forecast Unclear on Extremely Choppy Price Action
- Thursday, 21 May 2009 14:15:13 GMT Euro Forecast to Rally Further against US Dollar
- Thursday, 14 May 2009 14:44:00 GMT Sentiment Points to Further Euro Gains versus US Dollar
- Thursday, 07 May 2009 14:45:26 GMT Euro Forecast Bullish As Crowd Sells Into Post-ECB Rally
- Thursday, 30 April 2009 14:25:18 GMT Euro Forecast Bullish Against US Dollar
- Thursday, 23 April 2009 14:09:10 GMT Euro Outlook Remains Bearish Against US Dollar
- Thursday, 16 April 2009 14:02:35 GMT Euro Outlook Mixed Against US Dollar
- Thursday, 09 April 2009 15:42:50 GMT Euro Forecast to Decline According to Forex Sentiment
- Thursday, 19 March 2009 13:15:07 GMT Euro Forecast Bullish against US Dollar Following Fed
- Thursday, 12 March 2009 14:01:23 GMT Euro Forecast to Rally Against US Dollar
- Thursday, 05 March 2009 13:43:37 GMT Euro Forecast to Decline Following ECB Rate Decision
- Thursday, 26 February 2009 13:25:48 GMT Euro Forecast Neutral on Unclear Forex Sentiment
- Thursday, 19 February 2009 13:41:13 GMT Euro Forecast Grows Less Bearish on Forex Positioning
- Thursday, 12 February 2009 13:41:13 GMT Euro Forecast Remains Bearish on Extreme Positioning
EUR/USD Ratio: -1.64
Trading Forecast: Bullish
EURUSD - Currency trading crowds have recently gone heavily net-short the Euro against the US Dollar, giving a strong contrarian signal to buy the Euro/US Dollar pair. Indeed, the EUR/USD SSI ratio currently stands at -1.63 as 62 percent of traders are currently short. This was a fairly pronounced shift from yesterday, as short positions surged 62.4 percent on the Euro’s test of clear resistance. Typically such shifts signal that a currency pair is likely to break out of its range, and indeed our SSI-based trading signals went long the Euro/US dollar across three separate trading strategies. The heavily net-short SSI ratio gives a continued contrarian signal to buy the Euro/US Dollar.
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