Number of traders net-short has increased by 1.76% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/USD | BULLISH | 36.64% | 63.36% |
-15.53% Daily -26.84% Weekly |
-7.75% Daily 1.76% Weekly |
-10.76% Daily -10.99% Weekly |
EUR/USD: Retail trader data shows 36.64% of traders are net-long with the ratio of traders short to long at 1.73 to 1. Our data shows traders are now at their least net-long EUR/USD since Feb 07 when EUR/USD traded near 1.14. The number of traders net-long is 15.53% lower than yesterday and 26.84% lower from last week, while the number of traders net-short is 7.75% lower than yesterday and 1.76% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/USD prices may continue to rise.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias.
