Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
Trade Implications – EURUSD: An important shift towards crowd EURUSD-selling has led our contrarian Momentum2trading strategy to get long from $1.3633. Indeed, total crowd short positions have risen a noteworthy 14 percent overnight, while long positions have fallen 19 percent.
Our Senior Currency Strategist writes that the Euro may be an important cyclical turning point, and a move above important EURUSD resistance at $1.3745 would confirm calls for continued Euro 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