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Euro May Have Set Key Low as Retail Forex Sentiment Turns

Euro May Have Set Key Low as Retail Forex Sentiment Turns

David Rodriguez, Head of Product

- Retail FX crowds buy aggressively into US Dollar pullback versus Euro

- High-flying Greenback may have finally set short-term top

- 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 May Have Finally Turned

GBPUSD - British Pound Likely to Lose Further versus US Dollar

USDJPY - Retail FX Traders Do Well as they Buy USDJPY Gains

AUDUSD - Australian Dollar May have Set Short-term Bottom

NZDUSD - New Zealand Dollar Likely to Rally Further

GBPJPY - British Pound Outlook Unclear versus Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Euro May Have Set Key Low as Retail Forex Sentiment Turns

Retail FX traders have bought aggressively into the most recent US Dollar pullback, and a contrarian view of sentiment suggests the Euro and others may have finally set short-term lows.

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 May Have Set Key Low as Retail Forex Sentiment TurnsEuro May Have Set Key Low as Retail Forex Sentiment Turns

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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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