News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Euro May Rally Further Against US Dollar

Euro May Rally Further Against US Dollar

David Rodriguez, Head of Product
ssi_eur-usd_body_Picture_5.png, Euro May Rally Further Against US Dollar

EURUSD – Forex trading crowds turned aggressively net-long the Euro/US Dollar when it traded below $1.3000 and gave signal that the pair could continue its declines. Yet a more recent moderation in sentiment suggests that the pace of declines may slow. In fact, a bigger shift in sentiment would favor an important Euro reversal higher.

The ratio of long to short positions in the EURUSD stands at 1.06 as approximately 51 percent of traders are long—quite near neutral. This is mostly unchanged from yesterday, but it is significant to note that long positions fell 24.4 percent since last week while shorts have climbed 28.8 percent in the same stretch.

The considerable shift towards crowd selling warns that the Euro could soon turn higher. The risk of reversal can likewise be seen on potential sentiment extremes in Euro futures and options positioning.

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by David Rodriguez, Quantitative Strategist for

To receive the SSI via e-mail and other reports from author David Rodríguez, e-mail subject line “Distribution List” to

Contact David via Twitter at

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.