|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
58.05% |
41.95% |
9.97%
61.34% |
-7.46%
-37.94% |
1.92%
-3.45% |
EUR/USD: Retail trader data shows 58.05% of traders are net-long with the ratio of traders long to short at 1.38 to 1. Our data shows traders are now at their most net-long EUR/USD since Mar 26 when EUR/USD traded near 1.18. The number of traders net-long is 9.97% higher than yesterday and 61.34% higher from last week, while the number of traders net-short is 7.46% lower than yesterday and 37.94% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/USD prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
