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 Rally Might Accelerate Above this Level

Euro Rally Might Accelerate Above this Level

David Rodriguez, Head of Product
ssi_eur-usd_body_Picture_12.png, Euro Rally Might Accelerate Above this Level

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

EURUSDRetail forex crowds have never been more short the Euro versus the US Dollar, and a contrarian view of crowd sentiment leaves us in favor of fresh EURUSD highs.

Trade Implications – EURUSD: Selling interest in the Euro/USD is near an all-time high, and the fact that crowds continue selling into the most recent EUR bounce favors further strength.

Our Senior Strategist warns that sentiment is “getting a bit too one way for our liking”. Yet a Euro close above $1.3970 could sound the “all clear” in favor of further rallies. Indeed, going against the crowd remains attractive as long as the single currency remains above key support at $1.3830.

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

ssi_eur-usd_body_Picture_6.png, Euro Rally Might Accelerate Above this Level

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES