The latest data for the Currencies Forecast Poll, released by FXStreet on Friday the 3rd shows a distribution of 60.33% short-term Bearish among the 15 participants.
Highlighted comments
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If the NFP is a strong figure today, then the dollar’s run to higher ground will resume and the Euro will head back to 1.2300 and today’s session low at 1.2287
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After a steep fall, the Euro will attempt to recover losses against the Dollar. However, this will be limited to 1.10 and we would need to close above this level for the sentiment to be more bullish.
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Despite a near term rebound, the bears are back I control and this should continue to put pressure on the supports over the coming weeks.
The Currencies Forecast Poll is a sentiment tool that highlights our selected experts near and medium term mood and calculates trends according to Friday's 15:00 GMT price. The #FXpoll is not to be taken as signal or as final target, but as an exchange rates heat map of where sentiment and expectations are going.