June 21, 2012 11: 18 GMT
Retail forex traders net-short the Euro against the U.S. Dollar remain (ticker: USDOLLAR) as the pair of senior multi-week fresh presses. Use us most often as a denier indicator trade; If the commercial crowds are short EURUSD, we prefer to be long.
In view of the same unilateral manner professional trade sense, we believe that the Euro may continue to correct higher against the refuge currencies. Major traders have been placed at the worst of the results of the elections to the Greek criticism, and the victory of the pro-bailout party meant the clear dangers failed to materialize.
Currencies tend to have their ups and downs at the beginning and end of the month. These trends seasonal forex suggest the EURUSD can trade higher until June and may resume its broader tendency from the beginning in July.
How to interpret and exchange with the SSI? Watch a FXCM Expo presentation which explains the SSI.
Retail forex traders net-short the Euro against the U.S. Dollar remain (ticker: USDOLLAR) as the pair of senior multi-week fresh presses. Use us most often as a denier indicator trade; If the commercial crowds are short EURUSD, we prefer to be long.
In view of the same unilateral manner professional trade sense, we believe that the Euro may continue to correct higher against the refuge currencies. Major traders have been placed at the worst of the results of the elections to the Greek criticism, and the victory of the pro-bailout party meant the clear dangers failed to materialize.
Currencies tend to have their ups and downs at the beginning and end of the month. These trends seasonal forex suggest the EURUSD can trade higher until June and may resume its broader tendency from the beginning in July.
How to interpret and exchange with the SSI? Watch a FXCM Expo presentation which explains the SSI.
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