Euro Forecast: EUR/USD and EUR/JPY May Rise as Long Bets Fade, Will This Last? 2021-04-07 02:00:00 Daniel Dubrovsky, Strategist
Euro, EUR/USD, EUR/JPY, Technical Analysis, Retail Trader Positioning - Talking Points
Retail trader bets hint EUR/USD and EUR/JPY may rise in the near-term
Broader technical signals favor downside in EUR/USD, upside EUR/JPY
Check out my webinar recording on IGCS to learn how to use it in trading
Recent gains in the Euro have been cautiously pushing retail investors to unwind long positioning in the currency. This includes EUR/USD and EUR/JPY, opening the door to further price gains. This can be demonstrated by taking a look at IG Client Sentiment (IGCS), a gauge of retail trader positioning.
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