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