Euro and Gold Prices Near Critical Levels - What’s the Next Move?

- Euro at potentially significant sentiment extreme versus Dollar, Yen

- Gold prices at make-or-break levels as sentiment most extreme since last crash

- US Dollar likely made a lasting turn higher

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View individual currency sections:

EURUSD – Euro Trend has Turned, Looking to Sell Bounces

GBPUSD – British Pound Forecast Favors Further Declines

USDJPY – Dollar Offers Trading Opportunities versus Yen

AUDUSD – Australian Dollar May Continue to hold Key Support

GOLD – Gold at Potentially Substantial Turning Point

EURJPY – Euro Likely to Fall further versus Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

The Euro and Gold prices are near substantial turning points versus the Dollar as crowd sentiment hits extremes. These are the levels and trades we’re watching.

See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.

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

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Euro and Gold Prices Near Critical Levels - What’s the Next Move?