Forex Trading Forecast: US Dollar to Weaken Before Further Rallies.
Summary: Forex traders continue to buy euros, and our forex positioning data gives us forecasts to expect further EURUSD losses through the medium term. Yet we... Forex traders continue to buy euros, and our forex positioning data gives us forecasts to expect further EURUSD losses through the medium term. Yet we see that the number of currency traders long the EURUSD fell precipitously following the forex pair's noteworthy breakdown earlier this month, and we have since been arguing that we may see a short term EURUSD rally before further losses.• EURUSD - Forex Traders Forecast EURUSD Rallies Before Further Declines • GBPUSD - British Pound Trading Forecast Further Short-term Bounce Likely • USDJPY - Currency Traders Accurately Signal Japanese Yen Gains • USDCHF - Forex Traders Remain Bearish, Signal Rallies • USDCAD - Canadian Dollar Forecast to Rally Against US Dollar While the SSI is available once a week on DailyFX.com, you can receive SSI readings twice a day in DailyFX Plus Forex Intraday Analysis The SSI sought a EURUSD rally since 1.26 and was signaling a reversal around 1.60. Find our more in the DailyFX Forex Forum * Negative ratio indicates net short Historical Charts of Speculative Positioning EURUSD - Forex traders continue to buy euros, and our forex positioning data gives us forecasts to expect further EURUSD losses through the medium