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US Dollar Once Again Looks like a Buy versus Euro, Major Currencies

US Dollar Once Again Looks like a Buy versus Euro, Major Currencies

David Rodriguez, Head of Product

- A sharp US Dollar rally has been met with aggressive retail FX crowd selling

- Our contrarian view of sentiment leaves us in favor of buying the US Dollar versus the Euro

- 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 Poised to Test Multi-Year Lows versus Dollar

GBPUSD - British Pound Forecast Calls for Further Weakness

USDJPY - Japanese Yen Downtrend Remains Intact

AUDUSD - We Favor Selling Australian Dollar until this Changes

NZDUSD - New Zealand Dollar Reversal is Short-Lived

GBPJPY - Sterling May Rally further versus Japanese Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

US Dollar Once Again Looks like a Buy versus Euro, Major Currencies

The US Dollar once again looks like a buy versus the Euro and other FX counterparts as a sharp shift in sentiment points to gains. Here’s what 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.

US Dollar Once Again Looks like a Buy versus Euro, Major CurrenciesUS Dollar Once Again Looks like a Buy versus Euro, Major Currencies

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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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