Skip to Content
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.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
Euro Looks like a Buy, but Watch Reactions at $1.12

Euro Looks like a Buy, but Watch Reactions at $1.12

David Rodriguez, Head of Product


NEW: View Real-Time SSI Updates via the FXCM Trading Station Desktop

EURUSD – Retail FX traders remain aggressively short the Euro versus the US Dollar, and a contrarian view of crowd sentiment has kept us consistently bullish the EUR/USD. Last week we noted key volume-based resistance at $1.12 as the next key short-term target, and indeed the pair trades just below. The caveat remains that failure at $1.12 leaves the pair susceptible to a return towards comparable support at $1.10.

See next currency section: GBPUSD – British Pound at Continued Risk of Declines Until this Changes

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.