• Trade Now

Euro May be on Verge of Major Reversal

Written by Guest content
Rate this item
(0 votes)

Contributed by: DailyFx


EURUSD – Sharp swings in EURUSD sentiment warn that the Euro may reverse or enter a period of consolidation through upcoming trade. The ratio of long to short positions in the EURUSD stands at -1.25 as nearly 56% of traders are short. Yesterday, the ratio was at 1.00 as 50% of open positions were long. In detail, long positions are 11.8% lower than yesterday and 13.4% stronger since last week. Short positions are 10.3% higher than yesterday and 6.6% weaker since last week. Open interest is 0.8% weaker than yesterday and 5.9% below its monthly average. The EURUSD SSI ratio flipped to net-long yesterday for the first time since the pair traded near 1.26. A more sustained swing to net-long would give clear contrarian signal to go short the EURUSD.

Add comment

Currency converter


Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex

1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.

Broker of the Month

5_small_logoUFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease.

By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.