Euro May Have Set Key Low as Retail Forex Sentiment Turns
DailyFX.com -
- Retail FX crowds buy aggressively into US Dollar pullback versus Euro
- High-flying Greenback may have finally set short-term top
- See full analysis below in individual currency sections
Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
View individual currency sections:
EURUSD - Euro May Have Finally Turned
GBPUSD - British Pound Likely to Lose Further versus US Dollar
USDJPY - Retail FX Traders Do Well as they Buy USDJPY Gains
AUDUSD - Australian Dollar May have Set Short-term Bottom
NZDUSD - New Zealand Dollar Likely to Rally Further
GBPJPY - British Pound Outlook Unclear versus Yen
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Retail FX traders have bought aggressively into the most recent US Dollar pullback, and a contrarian view of sentiment suggests the Euro and others may have finally set short-term lows.
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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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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