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Euro Forecast Turns Bearish as Crowds Buy

Euro Forecast Turns Bearish as Crowds Buy

David Rodriguez, Head of Product

Why and how do we use the SSI in trading? View our video and download the free indicator here

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.