From DailyFx.com:
Retail sentiment has once again shifted; and this time, speculative traders are positioning for the EURUSD’s long-term trend to remain intact. Over the past week, the Speculative Sentiment Index ratio jumped to its highest reading since last October - though this shouldn’t be too surprising considering the retail sector’s affinity for prominent technical levels. Today, the pair’s ratio stands at 1.59 with nearly 61% of the market group holding a long position.
click to enlarge
source: Rising Long Interest Threatens A Euro Breakdown
DailyFx.com http://www.dailyfx.com/story/strategy_pieces/fxcm_speculative_sentiment_index/Rising_Long_Interest_Threatens_A_1217499461113.html
Thursday, July 31, 2008
EURUSD speculative sentiment net long
Posted by Fred at 8:51 AM
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