Back
19 May 2014
EUR/USD remains bullish short-term - FXStreet
FXStreet (Barcelona) - Gonçalo Moreira, CMT at FXStreet, comments that short-term EUR bulls still prevail, according to the Currency Forecast Poll.
Key Quotes
"The latest data for the Currencies Forecast Poll, released by FXStreet on Friday the 16th, reveals that in terms of distribution, this week's data does not show differences to the previous week: poll participants with a short-term bullish view remain a majority with 53% of the poll, those with a bearish view 35% and 12% remain sideways"
"The "sell in May and go away" mantra hasn't exactly rung true this year but we have some toping structures emerging on the charts. Maybe the old mantra will return to the markets since they have been flip-flopping every other day (all asset classes). This would be surelly welcomed by the trading community".
Key Quotes
"The latest data for the Currencies Forecast Poll, released by FXStreet on Friday the 16th, reveals that in terms of distribution, this week's data does not show differences to the previous week: poll participants with a short-term bullish view remain a majority with 53% of the poll, those with a bearish view 35% and 12% remain sideways"
"The "sell in May and go away" mantra hasn't exactly rung true this year but we have some toping structures emerging on the charts. Maybe the old mantra will return to the markets since they have been flip-flopping every other day (all asset classes). This would be surelly welcomed by the trading community".