Euro May have Set Important Top on Major Shift in Forex Sentiment

David Rodriguez

- Retail FX trader shift suggests the Euro may have set an important top

- Exceedingly low forex volatility suggests USD may likewise bottom versus Yen

- Significant shift in Aussie Dollar positions warn of a potential turning point

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View individual currency sections:

EURUSD - Major Shift Points to Further Euro Losses

GBPUSD - British Pound Rally Likely to Remain Intact versus Dollar

USDJPY - Joining the Crowd in Buying Dollar versus Yen

GOLD - Gold Prices Remain at Risk of Further Declines

AUDUSD - Australian Dollar Downtrend Intact, We Like Selling

GBPJPY - Forex Sentiment Sounds Warning on GBPJPY Uptrend

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Euro May have Set Important Top on Major Shift in Forex Sentiment
View photos
Euro May have Set Important Top on Major Shift in Forex Sentiment

The Euro may have set an important near-term top as forex trader sentiment bulls back from important extremes. Here are the factors that could confirm.

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.

Euro May have Set Important Top on Major Shift in Forex Sentiment
View photos
Euro May have Set Important Top on Major Shift in Forex Sentiment
Euro May have Set Important Top on Major Shift in Forex Sentiment
View photos
Euro May have Set Important Top on Major Shift in Forex Sentiment

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

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