Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
DailyFX Home / Forex Technical Analysis / Speculative Sentiment Index

SSI: The Speculative Sentiment Index

Symbol LastWeek Present %Long Change:
Open Interest
Signals Chart Links

The SSI is reported Every Thursday at DailyFX.com and twice every trading day inside DailyFX PLUS.


Euro Resilience Gives us Pause, but Not out of Woods Yet

Euro Resilience Gives us Pause, but Not out of Woods Yet

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

EURUSDForex trading crowds remain heavily long the Euro versus the US Dollar, and a contrarian view of popular sentiment leaves us focused on continued EURUSD losses.

Trade Implications – EURUSD: Total retail FX long positions in the EURUSD recently hit their highest on record as the pair traded to fresh lows. The exchange rate’s resilience above key support near $1.3300-1.3330 gives us pause as professional positioning hits multi-year extremes. Until we see a material shift in retail sentiment, however, our preference remains to sell any short-term bounces.

See next currency section: GBPUSD - Need to See Important Signs before Calling for British Pound Reversal

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

Euro Resilience Gives us Pause, but Not out of Woods Yet

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX



Latest Topics in the DailyFX Forums

EURUSD
by Stelios Stylian
Today at 07:52
EURUSD
by hitbodedut
Today at 07:22
EURUSD
by lollytripathy
Today at 06:09
EURUSD
by JerryPan
Today at 03:19

Resources