Euro Forecast Turns Bearish as Crowds Buy
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EURUSD – One-sided retail FX trader sentiment warns that the Euro may continue lower against the US Dollar. The majority of traders in our sample remain long the EUR/USD, and a contrarian view of trader sentiment leaves us firmly bearish.
Until we see a sustained shift towards selling, we see little reason to watch for a larger EUR/USD turn higher.
See next currency section: GBPUSD - British Pound Expected to Trade Lower
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.