Risk of Euro Reversal Grows as Forex Crowds Sell the Bounce
- Retail forex traders buying into US Dollar slide, selling Euro bounce
- Contrarian view of crowd sentiment
- See full analysis below in individual currency sections
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View individual currency sections:
EURUSD - Evidence Grows of Sustained Euro Turnaround
GBPUSD - British Pound Forecast to Fall Further
USDJPY - Retail FX Traders Send Mixed Signals on Yen
AUDUSD - Australian Dollar Looks to Test Lows
NZDUSD - New Zealand Dollar Outlook Remains Modestly Positive
GBPJPY - British Pound Outlook Uncertain versus Japanese Yen
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Retail forex traders have bought aggressively into the US Dollar’s pullback versus the Euro. Evidence continues to grow that the EURUSD may have set a key low.
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.
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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.