Euro Forecast May Turn on a Test of this Key Level
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EURUSD – Retail FX traders remain short the Euro versus the US Dollar, and a contrarian view of crowd sentiment suggests the EUR/USD could trade higher. A clear caveat is the fact that traders have actually been net-buyers into the most recent EUR pullback; this stands as an early warning that the trend may soon turn.
Our Senior Technical Strategist highlights the key $1.0800 mark as the line dividing the Bulls and Bears for the EUR/USD.
See next currency section: GBPUSD - British Pound Outlook Clearly Points to further Declines
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