Euro Forecast Hinges on Forex Crowd’s Next Move


View photo

ssi_eur-usd_body_Picture_8.png, Euro Forecast Hinges on Forex Crowd’s Next Move

EURUSD – Retail forex crowds remain steadily long Euro versus the US Dollar, and a contrarian view of crowd sentiment leaves us in favor of EURUSD weakness.

Trade Implications – EURUSD: Our “Tidal Shift”/Momentum2 strategy most recently went short EURUSD from $1.2897, but that position was very recently taken out at roughly breakeven on the overnight Euro bounce. As it stands the risk of a larger US Dollar pullback remains real and we won’t necessarily get right back into a EURUSD-short position. But our next trade will almost certainly be guided by any swings in retail forex crowd sentiment.

--- Written by David Rodriguez, Quantitative Strategist for

ssi_eur-usd_body_Picture_9.png, Euro Forecast Hinges on Forex Crowd’s Next Move

Automate our SSI-based trading strategies via Mirror Trader free of charge

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

Facebook at

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)