News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Euro Likely to Test Fresh Peaks versus US Dollar

Euro Likely to Test Fresh Peaks versus US Dollar

David Rodriguez, Head of Product
ssi_eur-usd_body_Picture_16.png, Euro Likely to Test Fresh Peaks versus US Dollar

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

EURUSDRetail FX crowds continue selling into Euro strength, giving us steady contrarian signal that the EURUSD may test further highs.

Trade Implications – EURUSD: There are nearly 3 traders short the Euro versus the US Dollar for every one that is long, and we’ll maintain our contrarian bullish bias as long as crowds continue to sell.

Our sentiment-based Momentum2strategy is once again likely to get long EURUSD as crowds sell into strength.

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

ssi_eur-usd_body_Picture_6.png, Euro Likely to Test Fresh Peaks versus US Dollar

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.

DISCLOSURES