Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
EURUSD – Retail crowds have sold aggressively into Euro strength versus the US Dollar, and a contrarian view of crowd sentiment leaves us in favor of further gains.
Trade Implications – EURUSD: The Euro’s move above key resistance at $1.3820 leaves our Senior Strategist looking for a move to $1.3900 and $1.3940. And indeed two of our contrarian sentiment-based trading strategies are now long EURUSD from $1.3849 and $1.3727. A continued build in crowd selling would keep us looking for further Euro 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