Euro Forecast Unclear on Extremely Choppy Price Action

[B]EURUSD[/B] – Ourforex trading signals recently went short the Euro against the US Dollar, as a sharp shift in sentiment gave contrarian signal to sell. The ratio of long to short positions in the EURUSD stands at -1.45 as nearly 59% of traders are short. Normally we would take a contrarian long position on the net-short ratio. Yet long positions are actually 15.6 percent stronger that last week, while shorts have fallen by 8.7 percent through the same period. The shift in crowd trading signals that further losses are likely, but price action remains extraordinarily choppy—advising caution against aggressive momentum trades.