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.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Gold prices have continued to push higher as expectations have built for global Central Banks to remain very loose and passive with monetary policy for the foreseeable future. Get your $XAUUSD technical analysis from @JStanleyFX here: https://t.co/h5tF3kAZfd https://t.co/oqAjsNXNBY
  • Worth going along to...👍👍👍 #charts #technicalanalysis Click the link below 👇👇👇 https://t.co/At4Kj3vyOK
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.49% 🇯🇵JPY: 0.46% 🇦🇺AUD: 0.39% 🇳🇿NZD: 0.19% 🇨🇦CAD: 0.17% 🇬🇧GBP: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/AgsGuOjCpX
  • EU is set to express grave concern over China's recent actions with regard to Hong Kong
  • 🇬🇧 Gfk Consumer Confidence Final Actual: -34 Expected: -34 Previous: -33 https://www.dailyfx.com/economic-calendar#2020-05-29
  • 🇵🇹 GDP Growth Rate YoY Final Actual: -2.3 Expected: -2.4% Previous: 2.2% https://www.dailyfx.com/economic-calendar#2020-05-29
  • 🇵🇹 GDP Growth Rate QoQ Final Actual: -3.8 Expected: -3.9% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: US 500: 0.10% Wall Street: 0.01% France 40: -1.00% FTSE 100: -1.11% Germany 30: -1.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/PQvHUdi6ES
  • Bitcoin Forecast: BTC/USD Price – Move Higher Hinted Ahead More details in the link: https://www.dailyfx.com/forex/technical/article/special_report/2020/05/29/Bitcoin-Forecast-BTCUSD-Price--Move-Higher-Hinted-Ahead-MK.html?CHID=9&QPID=917714 https://t.co/TdOlmm2Cit
  • Join me today at 1:00 PM GMT. In this session, I will identify key price levels applying basic technical analysis rules in the FX market. Register from the link: https://www.dailyfx.com/webinars/411807643 https://t.co/fkuDEWQLqV
Euro May Finally Break Higher

Euro May Finally Break Higher

2016-03-17 15:40:00
David Rodriguez, Head of Product
Share:
Euro May Finally Break Higher

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

EURUSD – Retail FX traders are selling aggressively into Euro gains versus the US Dollar, and a contrarian view of crowd sentiment suggests that the EUR/USD could soon break above range highs. The major caveat is straightforward—retail traders tend to do well when prices remain stuck in tight ranges. Thus it is entirely possible that the crowd is ‘right’ to sell the Euro at range highs and before it once again turns lower.

These reversals are nonetheless only clear in hindsight. It’s possible the Euro reverses lower of course, but current sentiment suggests that a breakout may finally be at hand.

See next currency section:GBPUSD - British Pound on Verge of Major Reversal

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 http://www.twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.