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Euro and British Pound Might Accelerate Higher versus the Dollar

Euro and British Pound Might Accelerate Higher versus the Dollar

David Rodriguez, Head of Product

- Retail forex traders have bought aggressively into US Dollar weakness

- A contrarian view of crowd sentiment favors further Dollar declines vs. Euro, Sterling

- Technical forecasts line up well with our sentiment-based trading strategies

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

View individual currency sections:

EURUSD - Euro May Have Turned the Corner

GBPUSD - British Pound Could Accelerate Higher

EURJPY - Japanese Yen at a Potentially Significant Turning Point

Gold - Further Gold Gains Seem Unlikely

SPX500 - S&P 500 Pullback Not Yeta Cause for Concern

AUDUSD - Respect the Australian Dollar Downtrend

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_16.png, Euro and British Pound Might Accelerate Higher versus the Dollar

Trading crowds have bought aggressively into US Dollar weakness versus the Euro and British Pound, and our sentiment-based FX forecasts favor continued USD declines.

See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.

ssi_table_story_body_ssi.png, Euro and British Pound Might Accelerate Higher versus the Dollarssi_table_story_body_Picture_13.png, Euro and British Pound Might Accelerate Higher versus the Dollar

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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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

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

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