Euro and British Pound Attractive Buys versus USD, Yen, Gold, Aussie

DailyFX

- Forex traders remain heavily long the Dollar against Major Counterparts

- Technical forecasts line up with sentiment and leave us in favor of USD weakness

- The Euro and British Pound look attractive versus the Dollar, Yen, Aussie Dollar, and Gold

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View individual currency sections:

EURUSD - Until this Changes We’ll Watch for Euro Strength

GBPUSD - British Pound Likely to Trade to Fresh Peaks

USDJPY - US Dollar Forecast to Decline versus Japanese Yen

EURJPY - Euro Looks to Break Higher Against Yen

GOLD - Gold Prices Remain at Risk of Further Declines

AUDUSD - Australian Dollar Downtrend Intact, We Like Selling

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

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Euro and British Pound Attractive Buys versus USD, Yen, Gold, Aussie

The combination of one-sided forex sentiment and technical forecasts leave us in favor of Euro and Sterling strength; see below for trade setups.

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.

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Euro and British Pound Attractive Buys versus USD, Yen, Gold, Aussie

Euro and British Pound Attractive Buys versus USD, Yen, Gold, Aussie

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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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