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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 Remains in the Driver’s Seat versus US Dollar

ssi_eur-usd_body_Picture_13.png, Euro Remains in the Driver's Seat versus US Dollar

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EURUSDA strong majority of retail FX traders have sold into the Euro’s advance versus the US Dollar, and a contrarian view of crowd sentiment leaves our focus higher.

Trade Implications – EURUSD: Our technical focus for the Euro/Dollar exchange rate remains at key congestion and Fibonacci resistance at $1.3900; a move above would further support calls for larger EURUSD gains. Only a material shift towards retail crowd buying would change our overall bullish forecast.

See next currency section: GBPUSD - British Pound Gains are Slowing but Not Likely Over

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

ssi_eur-usd_body_Picture_14.png, Euro Remains in the Driver's Seat versus US Dollar

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