- 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
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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
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