Euro May have Set Important Top on Major Shift in Forex Sentiment
- Retail FX trader shift suggests the Euro may have set an important top
- Exceedingly low forex volatility suggests USD may likewise bottom versus Yen
- Significant shift in Aussie Dollar positions warn of a potential turning point
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Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The Euro may have set an important near-term top as forex trader sentiment bulls back from important extremes. Here are the factors that could confirm.
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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.