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  • Technical Levels for US #Dollar, $AUDUSD, #Gold, #Oil, $SPX & #Bitcoin and more! (Webinar Archive) - https://t.co/X4IZtKjZwm
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.22% 🇯🇵JPY: 0.11% 🇬🇧GBP: 0.07% 🇨🇭CHF: -0.07% 🇦🇺AUD: -0.27% 🇳🇿NZD: -0.69% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/NAFGZR3XoI
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.06% FTSE 100: -0.09% France 40: -0.16% US 500: -0.37% Wall Street: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/vBV4t5YRfa
  • I am a gold bull as I have been for a while. I'm dubious on this current breakout holding, however, for a few reasons. 1) first test above a big zone in a long time 2) $USD is near a huge spot of support (below) 3) It's a Monday and $Gold is already stretched https://t.co/kVtOsQ8iyx https://t.co/ueeWs6XcN2
  • *GOLD TRYING TO BREAKOUT* $Gold Testing above a huge, confluent zone of resistance right now fresh 3-month highs Possible bull flag breakout if buyers can continue to push $Gold $GC $GLD https://t.co/9dM8qAsJFl
  • Cryptos rebound after Tesla dump rumors are denied. BTC/USD rejects further sellers at previous record-high, momentum building higher. Get your $btc market update from @HathornSabin here:https://t.co/76oWtJE96v https://t.co/r7CXq52xWf
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.93% Silver: 0.75% Gold: 0.72% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/g27Iwp8uPa
  • 🇺🇸 NAHB Housing Market Index (MAY) Actual: 83 Expected: 83 Previous: 83 https://www.dailyfx.com/economic-calendar#2021-05-17
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.00%, while traders in Germany 30 are at opposite extremes with 71.53%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/CRl85ShvFp
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.78% Silver: 0.70% Gold: 0.56% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/2TtnMVtOFs
Until this Changes We’ll Watch for Euro Strength

Until this Changes We’ll Watch for Euro Strength

David Rodriguez, Head of Product
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

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