21st
August
2008
Forex Trading Forecast: US Dollar to Weaken Before Further Rallies (Daily FX via Yahoo! Finance)
posted in News |Forex traders continue to buy euros, and our forex positioning data gives us forecasts to expect further EURUSD losses through the medium term. Yet we see that the number of currency traders long the EURUSD fell precipitously following the forex pair?s noteworthy breakdown earlier this month, and we have since been arguing that we may see a short term EURUSD rally before further losses.








