What Could Force the Euro Lower versus US Dollar and British Pound?
- Euro has reversed sharply on strong volume, pointing to a significant sentiment shift
- 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
Source: FXCM Trading Station Desktop, Prepared by David Rodriguez.
Euro Fails as Yield Expectations Tumble
Data source: Bloomberg, Prepared by David Rodriguez
Substantial Shift in Retail Forex Sentiment Points to Potential Sentiment Extreme
Source: FXCM Retail FX Positioning Data, Prepared by David Rodriguez.
Euro Failing Across the Board, at Substantive Risk of Further Breakdown
Source: FXCM Trading Station Desktop, Data Source: Yahoo Finance, Prepared by David Rodriguez
--- 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.