Still long until the fundamentals truly take effect

21 ביוני 2015

Along with the thoughts on the chart, I will be slightly biased long until retail market sentiment balances out more. Currently 64% have open short positions and 36% are open long. There are two sides to every trade and if you look historically at sentiment, the market cannot change direction with so many traders heavily short. I believe the Euro should fall eventually, just not under the current technical conditions and lop-sided market sentiment.