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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Euro at Major Inflection Point

Euro at Major Inflection Point

David Rodriguez, Head of Product
Euro at Major Inflection Point

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

EURUSDAn important shift in forex trader sentiment warns that the Euro may soon bounce versus the high-flying US Dollar.

Trade Implications – EURUSD: The majority of retail traders have remained long EURUSD since it traded below $1.36, but traders have actually shifted towards selling in recent weeks. Last week we warned that the Euro would likely bounce as long as price remained above $1.2860. Traders briefly sent the EURUSD to fresh lows, but a fresh divergence in price and sentiment suggests that declines may not last. If we see traders turn net-short Euro, it would help confirm that a reversal is underway.

See next currency section: GBPUSD - GBP May Bounce, but Wait until After Scotland

--- Written by David Rodriguez, Quantitative Strategist for

Euro at Major Inflection Point

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

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