Euro at Major Turning Point versus Dollar @ Forex Factory

Euro at Major Turning Point versus Dollar

From dailyfx.com

The recent Euro breakdown has produced a similarly significant shift in forex trading crowd sentiment, pointing to a major Euro/US Dollar reversal and further losses through the foreseeable future. Retail traders have remained net-short the Euro against the US Dollar (ticker: USDOLLAR) since the EURUSD traded above $1.28 in January, giving us a fairly consistent signal that the pair could continue higher. Yet that ratio flipped for the first time in months as of yesterday; it is little exaggeration to claim that the shift could signal a major turnaround. It will be critical to watch the EURUSD reaction at ... (full story)

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- Apr 5, 2012 3:46pm | Edited at 3:57pm
- #1
- Quote
- Loadedgun
  
  2,915 posts
- The vix is rising - trend lines are breaking to the downside. It's coming to a boil or is it? I think it is!!!
  
  PS:aside from being overly pro-$, these FXCM guys revel in complex tools.Their SSI index for instance really has no relevance - nobody outside of that clique knows how to read it. They rob themselves of influence by trying ta appear sophisticated and ignoring the KISS rule in forex. Much prefer fxtimes. The vix is rising - trend lines are breaking to the downside. It's coming to a boil or is it? I think it is!!! PS:aside from being overly pro-$, these FXCM guys revel in complex tools.Their SSI index for instance really has no relevance - nobody outside of that clique knows how to read it. They rob themselves of influence by trying ta appear sophisticated and ignoring the KISS rule in forex. Much prefer fxtimes.
- Apr 5, 2012 5:08pm
- #2
- Quote
- Guest
  
  IP XXX.XXX.69.171
- When losers say sell, real traders buy. This is the only way to make money day after day kids. Euro will hit 1.35 before it hits 1.28 again. Mark my words.
  A pro.s8 When losers say sell, real traders buy. This is the only way to make money day after day kids. Euro will hit 1.35 before it hits 1.28 again. Mark my words. A pro.s8
- Apr 5, 2012 9:00pm
- #3
- Quote
- Guest
  
  IP XXX.XXX.72.90
- Wish I could make $$ day after day. Wish I could make $$ day after day.
- Apr 6, 2012 8:28am
- #4
- Quote
- gfs
  
  124 posts
- Quoting Loadedgun
  
  The vix is rising - trend lines are breaking to the downside. It's coming to a boil or is it? I think it is!!!
  
  PS:aside from being overly pro-$, these FXCM guys revel in complex tools.Their SSI index for instance really has no relevance - nobody outside of that clique knows how to read it. They rob themselves of influence by trying ta appear sophisticated and ignoring the KISS rule in forex. Much prefer fxtimes.
  
  agree. If you followed that index you would indeed lose your shirt agree. If you followed that index you would indeed lose your shirt
- Apr 8, 2012 4:16pm
- #5
- Quote
- rmonleon
  
  10 posts
- You don't need to make money waiting for 1.35 ... I can make money from 1.3098 to 1.3050 ... then we can go on ... You don't need to make money waiting for 1.35 ... I can make money from 1.3098 to 1.3050 ... then we can go on ...
- Guest
  
  IP XX.XX.155.235
- Change Code
  
  Enter the characters found on the security image. To skip verification in the future, register to become a member.

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Posted: Apr 5, 2012 2:00pm

Submitted by: FF News

Category: Technical Analysis
1,920 Views
5 Comments

Loadedgun, Guest, Guest, gfs, rmonleon

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Euro at Major Turning Point versus Dollar