Euro Surges, but Why Might the Rally Fizzle?
Trade Implications – EURUSD: Our forex sentiment-based trading strategies have bought aggressively into recent Euro strength and sold into US Dollar weakness across the board.
All eyes turn to a critical US Federal Reserve interest rate decision next week. We’ll keep a close eye on FX sentiment and market conditions as it feels as if markets are at a key inflection point. Receive any and all updates on sentiment on my e-mail distribution list via this link.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.