[B]Euro Prepares More Dollar Punishment
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Thursday, the Euro took a break from crushing the dollar. According to SSI, retail traders are short the Euro by a ratio of 2.58 traders to 1.
SSI is a contrarian indicator and implies that the Euro uptrend will continue. The EUR/USD is above its 200 SMA and continues to make higher highs and higher lows. Look to get long in the 1.4669 area or at a 2 pip break above the 1.4759 area to target the 1.4826- 1.4900 area.