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 Will Pull Back Eventually, but our System Forecasts Gains

Euro Will Pull Back Eventually, but our System Forecasts Gains

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 – Our retail forex trader data gives signal that the Euro may continue to rally versus the US Dollar, and indeed the same analysis helped confirm the EUR/USD breakout was the ‘real deal’ as of last week.

There are currently 2.0 open EUR/USD trades for every one long, and a contrarian view of retail crowd sentiment leaves us watching for continued gains. Clearly markets don’t move in a straight line, and a massive month-to-date Euro rally makes near-term corrections likely. Yet it would take a substantial shift in forex trader positioning to water down our bullish trading bias.

See next currency section: GBPUSD - British Pound Likely to Trade Lower

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.