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Euro Forecast to hit Fresh Peaks

Euro Forecast to hit Fresh Peaks

David Rodriguez, Head of Product
ssi_eur-usd_body_Picture_11.png, Euro Forecast to hit Fresh Peaks

EURUSD – Retail forex traders continue selling into Euro strength, and a contrarian view of crowd sentiment leaves us in favor of EURUSD gains.

Trade Implications – EURUSD: Our sentiment-based trading strategies have done well buying into Euro gains, and I believe they could continue to do well as the Dollar sells off more broadly. I’m particularly in favor of Momentum2/”Tidal Shift”-based trades until further notice.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

ssi_eur-usd_body_1a.png, Euro Forecast to hit Fresh Peaks

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

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