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The Most Extreme Euro SSI Reading This Year Flags A Possible 1.60 Break

Retail EURUSD positioning is once again pressing extremes; but unlike the readings of two weeks ago, these extremes actually see speculators once again fighting an extension to new record highs. The euro’s Speculative Sentiment Index ratio fell to - 2.48 this week with nearly 71% of the retail crowd betting record highs would hold. Looking at the dramatic change in sentiment over the past few weeks, it is clear that traders have grown very confident in range conditions between 1.60 and 1.53. In fact, over the previous two weeks since support held the pair up for a triple bottom, the positioning gauge fell from 1.34 to -1.52 and then to today’s reading. This is a particularly excessive reading considering not only the presence of technical resistance but event risk as well. The unusual combination of an ECB rate decision and non-farm payroll release significantly increases the potential for volatility and breakouts.

* EURUSD – The Most Extreme Euro SSI Reading This Year Flags A Possible 1.60 Break
* GBPUSD – Last Week’s Range Break Leads To SSI Readings Not Seen Since November
* USDJPY – A Flip In USDJPY Positioning Suggests The Rally May Be Coming To An End
* USDCHF – USDCHF Open Interest Surges 30% As Positioning Flips To Longs
* USDCAD – Retailers Hold Their USDCAD Longs As The Pair Falls Back Into Its Range

Originally Posted by primarylogic

The Most Extreme Euro SSI Reading This Year Flags A Possible 1.60 Break

Retail EURUSD positioning is once again pressing extremes; but unlike the readings of two weeks ago, these extremes actually see speculators once again fighting an extension to new record highs. The euro’s Speculative Sentiment Index ratio fell to - 2.48 this week with nearly 71% of the retail crowd betting record highs would hold. Looking at the dramatic change in sentiment over the past few weeks, it is clear that traders have grown very confident in range conditions between 1.60 and 1.53. In fact, over the previous two weeks since support held the pair up for a triple bottom, the positioning gauge fell from 1.34 to -1.52 and then to today’s reading. This is a particularly excessive reading considering not only the presence of technical resistance but event risk as well. The unusual combination of an ECB rate decision and non-farm payroll release significantly increases the potential for volatility and breakouts.

* EURUSD – The Most Extreme Euro SSI Reading This Year Flags A Possible 1.60 Break
* GBPUSD – Last Week’s Range Break Leads To SSI Readings Not Seen Since November
* USDJPY – A Flip In USDJPY Positioning Suggests The Rally May Be Coming To An End
* USDCHF – USDCHF Open Interest Surges 30% As Positioning Flips To Longs
* USDCAD – Retailers Hold Their USDCAD Longs As The Pair Falls Back Into Its Range

very useful information, thanks primarylogic

Short G/U yesterday, and closed one hold one, hope can get more pips.

Originally Posted by primarylogic

Short G/U yesterday, and closed one hold one, hope can get more pips.

:) GU will up and then down .

after NFP report USD going strong quickly, few of my friends here got loss cause expected if USD would become weak after NFP release.

Originally Posted by ashokshetty

:) GU will up and then down .

thx your advice, i will think about to closed it next monday and waiting a better position to short it.

Originally Posted by Alizain

after NFP report USD going strong quickly, few of my friends here got loss cause expected if USD would become weak after NFP release.

yes, i think so, i'm waiting to short USD.

U/J nextweek!

Entry: Open Monday
S/L: 107
T/P: 105

RISK YOURSELF!

got profits from shorting GU :)

Originally Posted by ashokshetty

got profits from shorting GU :)

I short E/U and G/U today.
Give up to trade UJ, it's not a good time now.