Why and how do we use the SSI in trading? View our video and download the free indicator here
EURUSD – Our retail forex trader data gives signal that the Euro may continue to rally versus the US Dollar, and indeed the same analysis helped confirm the EUR/USD breakout was the ‘real deal’ as of last week.
There are currently 2.0 open EUR/USD trades for every one long, and a contrarian view of retail crowd sentiment leaves us watching for continued gains. Clearly markets don’t move in a straight line, and a massive month-to-date Euro rally makes near-term corrections likely. Yet it would take a substantial shift in forex trader positioning to water down our bullish trading bias.
See next currency section: GBPUSD - British Pound Likely to Trade Lower
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