Euro Break Higher Offers Buying Opportunities
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Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Our proprietary sentiment-based trading strategies continue to call for US Dollar weakness against the Euro and Swiss Franc, but the same strategies have recently bought the Greenback against the Australian Dollar and British Pound.
Admittedly mixed sentiment gives us a similarly unclear trading bias on the Dollar Index itself, but we believe that a jump in forex volatility favors continued breakout trading in the Japanese Yen and key USD pairs.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.