EURUSD – Retail forex traders continue selling into Euro strength, and a contrarian view of crowd sentiment leaves us in favor of EURUSD gains.
Trade Implications – EURUSD: Our sentiment-based trading strategies have done well buying into Euro gains, and I believe they could continue to do well as the Dollar sells off more broadly. I’m particularly in favor of Momentum2/”Tidal Shift”-based trades until further notice.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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