US Dollar at Major Turning Point as Sentiment Indicator at Extremes
- Retail FX trading crowd remains extremely long US Dollar across the board
- We think the Greenback is coiling up for its next major move higher
- Our focus remains on Dollar vs. Europe as positioning especially stretched
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Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Forex trading crowds remain extremely long the US Dollar versus the Euro and other majors. These factors would confirm a major turn higher for the US currency.
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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.