US Dollar Remains a Sell versus the Euro Until this Changes

– Aggressively one-sided retail forex sentiment points to US Dollar weakness

– Until we see an important shift, we will remain in favor of buying Euro versus USD

– See full analysis below in individual currency sections

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View individual currency sections:

EURUSD – Forex Crowd Sentiment Points to Further Euro Gains

GBPUSD – British Pound Forecast to Trade Higher

USDJPY – US Dollar Likely to Test Key Support versus Yen

AUDUSD – Australian Dollar Forecast Unclear On Major Sentiment Shift

NZDUSD – New Zealand Dollar Remains Close to Key Resistance

GBPJPY – British Pound Forecast Mixed versus Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Retail forex traders remain heavily long the US Dollar, and a contrarian view of crowd sentiment leaves us in favor of selling into declines.

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.

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

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US Dollar Remains a Sell versus the Euro Until this Changes