Sharp Shift in Forex Positions Suggests Euro has Turned versus US Dollar

- Euro may have turned the corner versus US Dollar on sentiment shift

- Greenback remains in control versus Australian Dollar, Kiwi Dollar

- See full analysis below in individual currency sections

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View individual currency sections:

EURUSD - Euro Likely Turns Corner as Crowds Sell Aggressively

GBPUSD - British Pound Remains in Clear Downtrend

USDJPY - Japanese Yen Sticks to Consolidation Pattern

AUDUSD - Australian Dollar Poised for Further Losses

NZDUSD - New Zealand Dollar Forecast to Fall Further

GBPJPY - British Pound Outlook Turns Bearish versus Japanese Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

An important shift in retail FX positioning suggests that the Euro may have turned the corner versus the US Dollar. Here’s what 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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