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What Could Force the Euro Lower versus US Dollar and British Pound?

What Could Force the Euro Lower versus US Dollar and British Pound?

2014-05-14 15:00:00
David Rodriguez, Head of Business Development
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- Euro has reversed sharply on strong volume, pointing to a significant sentiment shift

- Tests of major support versus the US Dollar and British Pound critical to Euro outlook

- We’re watching these key price levels to gauge likelihood of further Euro breakdown

Follow any updates on the Euro and other currencies via this author’s e-mail distribution list.

Euro Fails at Trendline, Testing Key Congestion and Aiming for Fresh Lows

What Could Force the Euro Lower versus US Dollar and British Pound?

Source: FXCM Trading Station Desktop, Prepared by David Rodriguez.

Euro Fails as Yield Expectations Tumble

What Could Force the Euro Lower versus US Dollar and British Pound?

Data source: Bloomberg, Prepared by David Rodriguez

Substantial Shift in Retail Forex Sentiment Points to Potential Sentiment Extreme

What Could Force the Euro Lower versus US Dollar and British Pound?

Source: FXCM Retail FX Positioning Data, Prepared by David Rodriguez.

Euro Failing Across the Board, at Substantive Risk of Further Breakdown

What Could Force the Euro Lower versus US Dollar and British Pound?

Source: FXCM Trading Station Desktop, Data Source: Yahoo Finance, Prepared by David Rodriguez

Follow any updates on the Dollar, Yen, and other currencies via this author’s e-mail distribution list.

--- 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.

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