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Trade Against The Retail Herd 21st Mar

Pivotfarm's picture
Submitted by Pivotfarm on 03/21/2011 03:30 -0400



 
What's new today?


As EURUSD nears 5 months highs retail short positions have become increasingly stronger, today 68.62% of retail traders in our data set are short. This has pushed EURUSD into the Strong Long zone. What's also worth noting is EURGBP which is the long zone, however retail traders have become increasingly short this pair even though it continues to trend higher.
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Provided by Pivotfarm via the Technical Analysis blog
 
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Mon, 03/21/2011 - 12:15 | 1081997 IQ 145
IQ 145's picture

 Oh, dear; I'm still totally wrong about being short the EUR/USD; well, we'll see, I suppose.

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