- Retail forex traders remain long the US currency, but a substantial shift accurately called for reversal
- We see technical evidence that the Dollar is setting up for much larger move higher
- Next moves in the Buck could prove pivotal, and we’re watching our FX trader sentiment data
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View individual currency sections:
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
A substantial shift in forex trader sentiment accurately called for a US Dollar reversal versus the Euro and other counterparts. What’s next?
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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