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Forex Trader Sentiment Suggests Euro Breakdown is the Real Deal

Forex Trader Sentiment Suggests Euro Breakdown is the Real Deal

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 Breakdown is the Real Deal

GBPUSD - British Pound Forecast to Fall Further versus Dollar

USDCAD - US Dollar in Position to Gain versus Canadian Dollar

AUDUSD - Australian Dollar Likely to Fall Further

NZDUSD - New Zealand Dollar Likely to Rally Further

XAUUSD - Gold Forecast to Gain Further versus US Dollar

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Forex Trader Sentiment Suggests Euro Breakdown is the Real Deal

A substantial shift in retail forex trader positions warns that the Euro may continue to hit further lows versus the resurgent US Dollar.

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 Sentiment Suggests Euro Breakdown is the Real Deal

--- 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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