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Euro Bounces, but Until this Changes we Favor Staying Long US Dollar

Euro Bounces, but Until this Changes we Favor Staying Long US Dollar

David Rodriguez, Head of Product

- Euro bounces post-ECB, but until we see meaningful shift it remains a sell

- US Dollar remains a buy versus the Japanese Yen, British Pound, and Comm Bloc

- See full analysis below in individual currency sections

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

View individual currency sections:

EURUSD - Euro Bounce May be Short-Lived as Sentiment Unchanged

GBPUSD - British Pound Forecast to Hit Further Lows versus USD

USDJPY - Japanese Yen Remains a Clear Sell until this Changes

AUDUSD - Australian Dollar Forecast to Depreciate Further

NZDUSD - New Zealand Dollar Poised for Continued Declines

GBPJPY - Sterling Targets Strength versus Downtrodden Japanese Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Euro Bounces, but Until this Changes we Favor Staying Long US Dollar

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.

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 Bounces, but Until this Changes we Favor Staying Long US DollarEuro Bounces, but Until this Changes we Favor Staying Long US Dollar

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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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