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 Download
EUR/USD
Bullish
GBP/USD
Bullish
USD/JPY
Bearish
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
Bearish
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
Bitcoin
Bullish
More View more
Breaking news

Markets Extend Losses, Dow Jones Down Over 14 Percent for the Week

Real Time News
  • A special report amid this market slump considering what can stop the burning: 'As $SPX Crashes: What Can the Authorities Do to Stop the Bleeding?' https://www.dailyfx.com/forex/fundamental/article/special_report/2020/02/28/As-SP-500-Crashes-What-Can-the-Authorities-Do-to-Stop-the-Bleeding.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/HGvNg5iL0M
  • BOE's Cunliffe says Facebook's Libra could become systemically important - BBG
  • The daily decline in silver is its largest since November 2016
  • Alongside gold, $XAG suffered a massive drop today, falling to support around the $16.78 area with RSI tagging oversold territory. Something to keep an eye on in the days to come https://t.co/M9FEyEEf8B
  • Gold drops below 1590 in largest intraday drop since 2013 $XAUUSD https://t.co/aAKI494BMu
  • Join @IG_US and @DailyFX from 7th - 9th March at @TradersExpo, booth number 311 at NY Marriott, Brooklyn Bridge for three days of forex strategy, fundamental and technical analysis discussions. Register here: https://t.co/oziKe3rJZi https://t.co/RhtPlWREnq
  • WHO raises global risk from virus from high to very high - BBG
  • EUR/GBP Weekly Price Forecast: Euro vs British Pound Signals Upside Break More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/eur-gbp/2020/02/28/EURGBP-Weekly-Price-Forecast-Euro-vs-British-Pound-Signals-Upside-Break-MK.html?CHID=9&QPID=917714 https://t.co/tDLq5YGMXQ
  • $GBP below 1.28, $JPY session highs https://t.co/GpuFtSPdqL
  • Gold is plummeting today alongside stocks, falling more than $60 - https://www.dailyfx.com/forex/market_alert/2020/02/27/Gold-Price-Forecast-Bullion-May-Require-Consolidation-Before-Further-Gains.html
Euro Remains Likely to Test Key Highs

Euro Remains Likely to Test Key Highs

2016-04-28 16:15:00
David Rodriguez, Head of Product
Share:
Euro Remains Likely to Test Key Highs

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

EURUSD – Retail FX traders are net-short the Euro versus the US Dollar and have remained short since the pair set a key low near $1.09 in early March. A contrarian view of ‘crowd’ sentiment leaves us with a firmly bullish trading bias as retail traders remain short.

The clear caveat is simple—going against the majority of retail traders only works when markets move against them. Past performance is not indicative of future results, but our data suggests that going against the crowd has been a winning strategy overall. Yet the same data shows retail traders tend to outperform in slow-moving market conditions. In practice this means that our contrarian trading strategy can do poorly in low-volatility/range-bound market conditions.

We will remain cautiously bullish the Euro as long as crowds remain short, but it is important to note this strategy may underperform if the EUR/USD continues to trade in a narrow range.

See next currency section:GBPUSD - Recent Moves Confirm End to British Pound Downtrend

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.