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Euro Forecast to Fall Further Against US Dollar

Euro Forecast to Fall Further Against US Dollar

2010-03-25 14:42:00
David Rodriguez, Head of Business Development
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SSI325eurusd

 

 

EURUSD – The ratio of long to short positions in the EURUSD stands at 1.18 as nearly 54% of traders are long. Yesterday, the ratio was at 1.54 as 61% of open positions were long. In detail, long positions are 6.3% lower than yesterday and 6.9% stronger since last week. Short positions are 21.4% higher than yesterday and 12.5% stronger since last week. Open interest is 4.6% stronger than yesterday and 5.6% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.

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