US Dollar May Fall Further on Forex Crowd Sentiment
A sharp shift towards crowd US Dollar suggests that the USD may continue to slide against the Euro, British Pound, and Japanese Yen. The number of traders long the US Dollar against the British pound has surged 31 percent in the past week of trade, and such one-sided positioning often leads to further continuation in price. As the Greenback slips further the risk of short-term corrections rises, but current sentiment readings give us a firmly bearish US Dollar forecast through short-term trade.
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