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EURUSD - Forex Trading Crowd Indecisive, Further Volatility Likely
Thursday, 25 September 2008 14:25:54 GMT
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Previous articles
Previous Articles
Jan 08 -
Euro Likely to Rally vs US Dollar on Clear Shift in Forex Sentiment
Jan 02 -
Euro Forecast Bearish on Forex Crowd US Dollar Selling
Dec 26 -
Euro Forecast Roughly Unclear on Indecisive Crowd Trading
Dec 18 -
Euro Forecast to Turn Against US Dollar on Shift in Forex Sentiment
Dec 11 -
Euro Accurately Forecast to Rally Against US Dollar
Nov 20 -
Euro Forecast to Decline Further Against US Dollar on Forex Positioning
Nov 13 -
Euro Forecast to Recover Against US Dollar on Forex Positioning
Nov 06 -
Euro May Rally Against US Dollar Despite ECB Rate Cut
Oct 30 -
EURUSD-Euro Forecast Against US Dollar May Shift on Forex Positioning
Oct 23 -
EURUSD-Forex Positioning
Oct 16 -
EURUSD-Forex Trading Indicator Forecasts Euro/US Dollar Rallies
Oct 09 -
EURUSD-Forex Trading Indicator Forecasts Euro May Gain Before Further Declines
Oct 02 -
EURUSD-Forex Trading Indicator Accurately Forecasts Euro Declines
Sep 25 -
EURUSD - Forex Trading Crowd Indecisive, Further Volatility Likely
Sep 18 -
EURUSD-Forex Trading Crowd Sells the Euro, Could Rally Further
Sep 11 -
EURUSD-Euro Outlook Remains Bearish, but Watch for Short-term EURUSD Bounce
Sep 11 -
EURUSD-Euro Outlook Remains Bearish, but Watch for Short-term EURUSD Bounce
Sep 04 -
EURUSD-Euro Outlook Remains Bearish, but Watch for Short-term EURUSD Bounce
Sep 02 -
Forex Traders Accurately Signal EURUSD Declines
Aug 21 -
Forex Traders Forecast EURUSD Rallies Before Further Declines
Written by David Rodriguez, Quantitative Analyst
EUR/USD Ratio: 1.05
Trading Forecast: Bearish
Forex Positioning in the EURUSD
EURUSD –
The forex trading crowd shows no clear forecast for the Euro/US Dollar pair, with effectively neutral speculative positioning showing little bias in the EURUSD. Though trading volume has remained elevated, excessive intraday volatility means that many position traders are currently out of the market and unwilling to sustain sharp price swings. The ratio of long to short positions in the EURUSD stands at 1.04 as nearly 51% of traders are long, and traders have been flipping from net-short to net-long and vice versa on a frequent basis. Both long and short positions have fallen on the week, and our SSI effectively signals a neutral bias on the EURUSD. This is consistent with our
technical forecasts for the EURUSD
—markets seem willing to wait for further clarification before forcing any major moves.
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