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Sharp Shift in Forex Positions Suggests Euro has Turned versus US Dollar

Sharp Shift in Forex Positions Suggests Euro has Turned versus US Dollar

David Rodriguez, Head of Product

- Euro may have turned the corner versus US Dollar on sentiment shift

- Greenback remains in control versus Australian Dollar, Kiwi Dollar

- 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 Likely Turns Corner as Crowds Sell Aggressively

GBPUSD - British Pound Remains in Clear Downtrend

USDJPY - Japanese Yen Sticks to Consolidation Pattern

AUDUSD - Australian Dollar Poised for Further Losses

NZDUSD - New Zealand Dollar Forecast to Fall Further

GBPJPY - British Pound Outlook Turns Bearish versus Japanese Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Sharp Shift in Forex Positions Suggests Euro has Turned versus US Dollar

An important shift in retail FX positioning suggests that the Euro may have turned the corner versus the US Dollar. 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.

Sharp Shift in Forex Positions Suggests Euro has Turned versus US DollarSharp Shift in Forex Positions Suggests Euro has Turned versus US Dollar

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

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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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