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
Download all of our Sentiment-based trading strategies free via an ongoing promo on FXCMApps.com
To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.
Contact David via
Twitter at http://www.twitter.com/DRodriguezFX
Facebook at http://www.Facebook.com/DRodriguezFX