TechnoMeter

- Euro matches longest weekly consecutive losing streak since inception
- Sentiment, Positioning, and cyclical studies all warn of a potential EURUSD reversal
- Watch critical support ahead of highly-anticipated European Central Bank decision

The Euro has now matched its longest weekly losing streak on record as the Dollar surges. Why do we think it’s at special risk of reversal in the coming week?

Euro Matches Longest Consecutive Weekly Decline since Inception




Retail Positions Hit Most Stretched Since Euro Traded to $1.20




Professional Positioning Likewise at Most Stretched Since Same $1.20 lows



Moving Averages Crossing Lower, Support Downtrend. $1.3105 is Key Support




--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading

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