US Dollar Forecast to Rally Further Against Euro, Canadian Dollar
Aggressive US Dollar rallies have been met with similarly aggressive forex trading crowd selling, giving us contrarian signal to continue buying US Dollars against major counterparts. Our SSI-based trading strategies have remained heavily long the USD against the Euro, British Pound, Canadian Dollar, and Australian Dollar through recent trading. Needless to say, said strategies have had a very strong run of performance on the Greenback’s aggressive uptrend. Continued sentiment extremes leaves our short-term USD-bullish bias intact absent a material shift in price and trading crowd positioning.
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