Euro Targets Further Gains As Long as This Remains True
Trade Implications – EURUSD: Our purely sentiment-based Momentum2 system has remained long Euro from $1.3210 as crowds sold aggressively into strength.
And though it’s risky to chase the EURUSD here as it posts its second-largest rally of the year, we’ll need to see a turn in extremely one-sided retail sentiment to change our Euro-bullish forecast. Receive any and all updates via my e-mail distribution list via this link.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
Automate our SSI-based trading strategies via Mirror Trader free of charge
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
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.