Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
Trade Implications – EURUSD: There are over 2 retail traders short Euro for every one long, and as long as crowds continue selling we’ll continue to watch for further EURUSD gains. Indeed, our Senior Technical Strategist sees evidence that the recent Euro intraday tumble completed a short-term correction, and further upside seems likely.
Our sentiment-based Momentum2strategy has had mixed results trading the Euro, but the system is once again likely to get long EURUSD as crowds sell into strength.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
Automate our SSI-based trading strategies via Mirror Trader free of charge
To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.
Contact David via
Twitter at https://www.twitter.com/DRodriguezFX
Facebook at http://www.Facebook.com/DRodriguezFX