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
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Mixed
More View more
Real Time News
  • 🇬🇧 GBP RICS House Price Balance (NOV), Actual: -12.0% Expected: -5.0% Previous: -6.0% https://www.dailyfx.com/economic-calendar#2019-12-12
  • 🇦🇺 AUD Consumer Inflation Expectation (DEC), Actual: 4.0% Expected: N/A Previous: 4.0% https://www.dailyfx.com/economic-calendar#2019-12-12
  • 🇬🇧 GBP RICS House Price Balance (NOV), Actual: -12 Expected: -5.0% Previous: -5.0% https://www.dailyfx.com/economic-calendar#2019-12-12
  • 🇯🇵 JPY Machine Orders (YoY) (OCT), Actual: -6.1% Expected: -1.9% Previous: 5.1% https://www.dailyfx.com/economic-calendar#2019-12-11
  • Heads Up:🇬🇧 GBP RICS House Price Balance (NOV) due at 00:01 GMT (15min), Actual: N/A Expected: -5.0% Previous: -5.0% https://www.dailyfx.com/economic-calendar#2019-12-12
  • Heads up: UK’s RICS House Price Balance (NOV) is due at 0:01 GMT (15 min) Est: -5.0% Previous: -5.0% #GBP
  • Heads Up:🇦🇺 AUD Consumer Inflation Expectation (DEC) due at 00:00 GMT (15min), Actual: N/A Expected: N/A Previous: 4.0% https://www.dailyfx.com/economic-calendar#2019-12-12
  • Heads Up:🇯🇵 JPY Machine Orders (YoY) (OCT) due at 23:50 GMT (15min), Actual: N/A Expected: -1.7% Previous: 5.1% https://www.dailyfx.com/economic-calendar#2019-12-11
  • Heads up: Japan’s Machine Orders (YoY) (OCT) is due at 23:50 GMT (15 min) Est: -1.7% Previous: 5.1% #JPY
  • The $USD may fall against the Japanese Yen as bearish technical positioning plays out. The Nikkei 225 stock index could follow suit. Get your market update from @IlyaSpivak here:https://t.co/FeaxCvsjH2 https://t.co/jqPGFJeA8i
Euro Finally Shows Signs of a Lasting Turn

Euro Finally Shows Signs of a Lasting Turn

2014-12-11 17:15:00
David Rodriguez, Head of Business Development
Share:
Euro Finally Shows Signs of a Lasting Turn

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

EURUSDThe Euro has bounced considerably versus the Dollar, and retail FX traders in our sample have sold aggressively into gains. The sharp shift suggests the EURUSD could see further upside.

Trade Implications – EURUSD: Trader positioning and sentiment has been exceptionally choppy in recent weeks, but we have maintained a mostly bearish Euro trading bias given a clear broader downtrend. Since last week, however, we’ve seen short positions jump higher while long positions are down.

Ideally we would see a sustained shift towards retail crowd selling before buying into EURUSD gains, but early signs suggest that the single currency may have set a lasting low versus the US Dollar.

See next currency section: GBPUSD - British Pound Declines Slow but not Over Yet

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

Euro Finally Shows Signs of a Lasting Turn

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.