EUR/USD Retail FX Flips Net-Short on Mild ECB Easing Package
The Speculative Sentiment Index (SSI) has a new format on DailyFX.com and the latest SSI readings show that despite the spike in the EUR/USD exchange rate after today's ECB rate decision, the retail crowd has flipped net-short EUR/USD.
An SSI value of -1.8956 for EUR/USD means that 65% of retail traders are short the pair. Since SSI is a contrarian indicator, that's a strong signal that EUR/USD can go even higher.
The Speculative Sentiment Index (SSI) has a new format on DailyFX.com and the latest SSI readings show that despite the spike in the EUR/USD exchange rate after today's ECB rate decision, the retail crowd has flipped net-short EUR/USD.
An SSI value of -1.8956 for EUR/USD means that 65% of retail traders are short the pair. Since SSI is a contrarian indicator, that's a strong signal that EUR/USD can go even higher.