US Dollar Poised to Hit Fresh Peaks as our Data Calls the Turn
- Retail forex traders remain long the US currency, but a substantial shift accurately called for reversal
- We see technical evidence that the Dollar is setting up for much larger move higher
- Next moves in the Buck could prove pivotal, and we’re watching our FX trader sentiment data
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Weekly Summary of Forex Trader Sentiment and Changes in Positioning
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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.