FOREX ANALYSIS: Euro Forecast to Rally as Crowds Sell

ssi_eur-usd_body_Picture_5.png, FOREX ANALYSIS: Euro Forecast to Rally as Crowds Sell

Retail forex trading crowds have consistently sold the Euro against the US Dollar (ticker: USDOLLAR), and our sentiment-based trading strategies continue to buy into EURUSD strength. Indeed, traders first turned net-short the Euro as it crossed above the $1.27 mark through mid-November and the pair now trades near 8-month highs.

Given the strong EURUSD uptrend and clearly one-sided crowd sentiment, we remain in favor of buying Euro dips against the US Dollar.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at https://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.167+0.006+3.73%
    N21.SI
    2.28+0.12+5.56%
    MC0.SI
    0.101-0.005-4.72%
    5I0.SI
    0.38+0.01+4.11%
    5ME.SI
    0.195+0.012+6.56%
    SK3.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.23+0.02+9.52%
    BTF.SI
    0.485+0.040+8.99%
    43F.SI
    0.122+0.010+8.93%
    C9Q.SI
    0.46+0.03+8.24%
    P19.SI
    0.195+0.012+6.56%
    SK3.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.155-0.050-24.39%
    K22.SI
    0.215-0.020-8.51%
    RE4.SI
    1.12-0.09-7.44%
    5SR.SI
    0.68-0.04-5.56%
    564.SI
    1.04-0.06-5.02%
    AYN.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4226+0.0041+0.29%
    USDSGD=X
    1.5251+0.0138+0.91%
    EURSGD=X
    1.8074+0.0052+0.29%
    GBPSGD=X
    80.2880+0.556+0.70%
    SGDJPY=X
    5.4499-0.0113-0.21%
    SGDHKD=X
    3.1271+0.0012+0.04%
    SGDMYR=X
    9,475.0342-52.7168-0.55%
    SGDIDR=X
    4.8353-0.0133-0.27%
    SGDCNY=X
    1.0641+0.0069+0.65%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,162.20-12.90-1.10%
    GCZ16.CMX
    16.66-0.09-0.56%
    SIZ16.CMX
    81.78-0.52-0.63%
    ^XAU
    2.70+0.08+3.15%
    HGZ16.CMX
    51.95+0.27+0.52%
    CLF17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.85+0.02
    ^FVX
    2.40+0.01
    ^TNX
    3.060.00
    ^TYX