Trade Against The Retail Herd 14th Mar

What's new today?

After Fridays action EURUSD battles its way back into the long zone with more than 60% of retail traders short the pair. The tragic events in Japan led to some dramatic action with the USDJPY, however this has done little to change overall retail positioning with over 75% of traders long USDJPY it stays firmly in our short zone. The key news events likely to effect retail positioning are EUR Industrial Production (06:00 EST) and AUD Monetary Policy Meeting Minutes (20:30 EST)

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Provided by Pivotfarm via the Technical Analysis blog