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.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bullish
Gold
Bullish
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bearish
More View more
Real Time News
  • 🇯🇵 JPY National Consumer Price Index Ex-Fresh Food (YoY) (OCT), Actual: 0.4% Expected: 0.4% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2019-11-21
  • 🇯🇵 JPY National Consumer Price Index (YoY) (OCT), Actual: 0.2% Expected: 0.3% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2019-11-21
  • 🇯🇵 JPY Natl CPI Ex Fresh Food, Energy (YoY) (OCT), Actual: 0.7% Expected: 0.6% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2019-11-21
  • The $CAD may fall if local CPI and retail sales data adds fuel Bank of Canada easing bets. Where do AUD/CAD, NZD/CAD and GBP/CAD stand ahead of the Canadian data? Get your market update from @ddubrovskyFX here:https://t.co/oIDWTbIFu9 https://t.co/rEAbfmoYa7
  • Heads Up:🇯🇵 JPY Natl CPI Ex Fresh Food, Energy (YoY) (OCT) due at 23:30 GMT (15min), Actual: N/A Expected: 0.6% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2019-11-21
  • Heads Up:🇯🇵 JPY National Consumer Price Index Ex-Fresh Food (YoY) (OCT) due at 23:30 GMT (15min), Actual: N/A Expected: 0.4% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2019-11-21
  • Heads Up:🇯🇵 JPY National Consumer Price Index (YoY) (OCT) due at 23:30 GMT (15min), Actual: N/A Expected: 0.3% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2019-11-21
  • RT @KyleR_IG: * CBA AUSTRALIA NOV. FLAS COMPOSITE PMI 49.5 VS 50 IN OCT * CBA AUSTRALIA NOV. FLASH SERVICES PMI 49.5 VS 50.1 IN OCT * CBA A…
  • #Gold: For the bull-flag to get into motion the top-side parallel of the pattern will need to be crossed, something that may have to wait until early next year. Get your $XAUUSD technical analysis from @PaulRobinsonFX here:https://t.co/MYNsQmAPXJ $gld https://t.co/xObRO4DIdh
  • 🇦🇺 AUD CBA Australia PMI Services (NOV P), Actual: 49.5 Expected: N/A Previous: 50.8 https://www.dailyfx.com/economic-calendar#2019-11-21
Until this Changes We’ll Watch for Euro Strength

Until this Changes We’ll Watch for Euro Strength

2014-05-01 14:15:00
David Rodriguez, Head of Business Development
Share:
Until this Changes We’ll Watch for Euro Strength

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

EURUSDRetail FX traders continue selling aggressively into Euro strength, and a contrarian view of crowd sentiment leaves us steadily in favor of EURUSD gains.

Trade Implications – EURUSD: A quiet month of April has kept the single currency in a tight range, and though it trades near multi-year highs we note that EURUSD upward momentum is slowing.

As long as crowds continue selling we’ll continue to watch for further Euro gains. Our Senior Technical Strategist writes that a Euro test of resistance at $1.3966 and perhaps $1.4000 seems likely before an important reversal.

See next currency section: GBPUSD - British Pound Likely to Trade to Fresh Peaks

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

Until this Changes We’ll Watch for Euro Strength

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

News & Analysis at your fingertips.