- Retail forex traders take profit on US Dollar-long positions on major reversal
- Substantial pullbacks in price and sentiment suggests USD reversal in place
- We’re looking higher for the US currency versus the Euro, GBP, NZD, CHF, and Gold
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View individual currency sections:
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The Dollar finally set the price reversal we’ve been waiting for, and retail FX traders were heavily long into the bounce. What now?
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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