Euro and British Pound Attractive Buys versus USD, Yen, Gold, Aussie
- Forex traders remain heavily long the Dollar against Major Counterparts
- Technical forecasts line up with sentiment and leave us in favor of USD weakness
- The Euro and British Pound look attractive versus the Dollar, Yen, Aussie Dollar, and Gold
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View individual currency sections:
EURUSD - Until this Changes We’ll Watch for Euro Strength
GBPUSD - British Pound Likely to Trade to Fresh Peaks
USDJPY - US Dollar Forecast to Decline versus Japanese Yen
EURJPY - Euro Looks to Break Higher Against Yen
GOLD - Gold Prices Remain at Risk of Further Declines
AUDUSD - Australian Dollar Downtrend Intact, We Like Selling
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The combination of one-sided forex sentiment and technical forecasts leave us in favor of Euro and Sterling strength; see below for trade setups.
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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