We’re at a potentially big turning point for the Euro against the US Dollar as our forex sentiment data favors Greenback strength. What could confirm?
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Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Our proprietary Speculative Sentiment Index data recently showed that retail FX traders hit their most short EURUSD on record, and a recent shift in sentiment warns that we might be at an important turning point for the Dollar more broadly.
Read full currency pair-by-currency pair rundowns in the links above, and follow future updates on retail sentiment and our trading strategies via my e-mail distribution list.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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