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Euro and Australian Dollar May Tumble versus US Dollar and Yen

Euro and Australian Dollar May Tumble versus US Dollar and Yen

David Rodriguez, Head of Product

- Euro and Australian Dollar at material risk of further near-term weakness

- Japanese Yen looks coiled up for important move higher

- Keep an eye on Gold prices and US Dollar at these levels

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

View individual currency sections:

EURUSD - Euro Forecast favors Weakness

GBPUSD - We Favor British Pound Gains Until this Level Gives Way

USDJPY - Dollar Remains at Clear Risk versus the Japanese Yen

AUDUSD - Australian Dollar Forecast Favors Continued Weakness

GOLD - Gold at Material Risk of Further Breakdown

EURJPY - Further Euro Weakness Likely versus Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Euro and Australian Dollar May Tumble versus US Dollar and Yen

The Euro and Australian Dollar remain at important risk of declines versus the Japanese Yen and US Dollar. Here are the key factors we’re watching.

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.

Euro and Australian Dollar May Tumble versus US Dollar and YenEuro and Australian Dollar May Tumble versus US Dollar and Yen

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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.

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