Forex Trader Sentiment Favors buying Euro, Selling US and AU Dollar
- We view this as contrarian signal the Euro may continue higher
- See full analysis below in individual currency sections
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View individual currency sections:
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Our retail forex trader data shows many have bought aggressively into the US Dollar pullback. We view this as contrarian signal the Euro may continue higher.
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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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.