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Forex Trader Positions Warn of Key Euro Test Ahead

Forex Trader Positions Warn of Key Euro Test Ahead

David Rodriguez, Head of Product

- Retail FX sentiment warns of potentially significant Euro turnaround

- Yet US Dollar remains in a position to strengthen versus British Pound, Australian Dollar

- Why do we use retail sentiment as a contrarian indicator? View our video guide

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

View individual currency sections:

EURUSD - Euro near Potentially Significant Turning Point versus Dollar

GBPUSD - British Pound Sees Extreme Sentiment, Losses Remain Likely

USDJPY - US Dollar Positioning Warns of Risks versus Yen

AUDUSD - Australian Dollar Downtrend Remains Intact

NZDUSD - New Zealand Dollar Forecast Points to Losses

XAUUSD - Gold Price Outlook Suggests Further Declines Likely

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Forex Trader Positions Warn of Key Euro Test Ahead

The US Dollar remains in position to hit further highs versus the British Pound, but we see risks of a potentially significant Euro reversal.

View Real-Time SSI Updates via the FXCM Trading Station Desktop

See a video on how we use the Speculative Sentiment Index in our trading

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.

Forex Trader Positions Warn of Key Euro Test Ahead

--- 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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