EURUSD – Our Euro forecast calls for further strength as our retail forex trader sentiment indicator gives consistent signal for further EURUSD gains.
Trade Implications – EURUSD: Traders have remained short the Euro against the US Dollar since it crossed above the $1.28 mark, and as long as that remains the case we’ll remain in favor of EURUSD strength. Our sentiment-based Momentum2 system continues buying into strength and remains our favored trading strategy through current market conditions.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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- Australia International News