Why is the Euro so Strong, and Can it Continue Higher?
- Euro Continues to Test Further Multi-Year Highs
- Our forex sentiment indicator leaves risks to the topside
- Low forex volatility prices suggest moves will be gradual, but Dollar likely to fall further
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Charts from the above video are posted below:
Euro Tests Multi-Year Peaks and Significant Resistance
Source: FXCM Trading Station Desktop, Prepared by David Rodriguez.
Retail Forex Sentiment Remains Extremely Bearish Euro
Data source:FXCM Execution Desk data, Prepared by David Rodriguez
Forex Volatility Prices Remain Very Low, Favor Slow Dollar Declines
Source: OTC FX Options Prices from Bloomberg; DailyFX Calculations
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.
Contact and follow David via Twitter: https://twitter.com/DRodriguezFX
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.