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Euro Targets Further Gains As Long as This Remains True

Euro Targets Further Gains As Long as This Remains True

2013-09-19 14:00:00
David Rodriguez, Head of Product
Share:
ssi_eur-usd_body_EURUSDSSI.png, Euro Targets Further Gains As Long as This Remains True

EURUSDRetail forex continue selling into Euro strength against the US Dollar, giving us steady contrarian signal that the EURUSD may continue higher.

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

ssi_eur-usd_body_Picture_9.png, Euro Targets Further Gains As Long as This Remains True

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