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
Forex Analysis: Trading Strategies Go Long EURUSD

Forex Analysis: Trading Strategies Go Long EURUSD

David Rodriguez, Head of Product
ssi_eur-usd_body_Picture_7.png, Forex Analysis: Trading Strategies Go Long EURUSD

EURUSD – Retail forex trading crowds continue to buy the US Dollar (ticker: USDOLLAR) against the Euro, and a contrarian view of popular sentiment leaves us in favor of further EURUSD gains. There remain more than 2.4 traders short Euro for every one that is long.

Trade Implications – EURUSD: Recently choppy price action and trader positioning actually forced one of our sentiment-based trading strategies to sell EURUSD from $1.3285, but that position may be short-lived as the Euro seems poised to break highs. We generally favor buying EURUSD dips amidst one-sided crowd sentiment.

--- Written by David Rodriguez, Quantitative Strategist for

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at

Facebook at

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