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US Dollar Remains a Sell versus the Euro Until this Changes

US Dollar Remains a Sell versus the Euro Until this Changes

David Rodriguez, Head of Product

- Aggressively one-sided retail forex sentiment points to US Dollar weakness

- Until we see an important shift, we will remain in favor of buying Euro versus USD

- 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 - Forex Crowd Sentiment Points to Further Euro Gains

GBPUSD - British Pound Forecast to Trade Higher

USDJPY - US Dollar Likely to Test Key Support versus Yen

AUDUSD - Australian Dollar Forecast Unclear On Major Sentiment Shift

NZDUSD - New Zealand Dollar Remains Close to Key Resistance

GBPJPY - British Pound Forecast Mixed versus Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Retail forex traders remain heavily long the US Dollar, and a contrarian view of crowd sentiment leaves us in favor of selling into declines.

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.

--- 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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