Euro Bounces, but Until this Changes we Favor Staying Long US Dollar
- Euro bounces post-ECB, but until we see meaningful shift it remains a sell
- See full analysis below in individual currency sections
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View individual currency sections:
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The US Dollar remains an attractive buy versus the Yen. And though reversal risks have clearly grown versus the Euro, we favor selling EURUSD until this changes.
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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.