Archive - Mar 3, 2011
Trade Against The Retail Herd 3rd Mar
Submitted by Pivotfarm on 03/03/2011 02:51 -0500GBPUSD continues to remain in the strong zone, consistently moving higher with 67% of traders short the pair, EURUSD is painting a very similar picture. Retail trader positioning still remains fairly extreme with most retailers LONG the USD. Action over the last few weeks has been very much contrary to that opinion. The Euro Rate Decision 7:45am EST and ECB Press conference 8:30am EST often have dramatic impacts on the EUR, it will vital to keep an eye on these developments
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