Forex Positioning Warns that the US Dollar May Lose Further
- Retail FX traders scale back their US Dollar-short positions
- Watch for the potential of a key turn versus the Euro and other majors
- Why do we use retail sentiment as a contrarian indicator? View our guide and download here
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Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Retail FX traders have scaled back their one-sided positioning versus the US Dollar. Here’s why we think the Greenback may soon turn lower versus the Euro and other key counterparts.
Why and how do we use the SSI in trading? View our video and download the free indicator here
--- 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.