Forex Trader Sentiment Suggests Euro Breakdown is the Real Deal
- 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
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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
A substantial shift in retail forex trader positions warns that the Euro may continue to hit further lows versus the resurgent US Dollar.
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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.
--- 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.