Number of traders net-short has increased by 17.81% from last week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
of clients are net long.
of clients are net short.
EUR/USD: Retail trader data shows 49.78% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since May 11 when EUR/USD traded near 1.09, price has moved 1.29% lower since then. The number of traders net-long is 20.50% lower than yesterday and 5.28% lower from last week, while the number of traders net-short is 35.51% higher than yesterday and 17.81% 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.
Our data shows traders are now net-short EUR/USD for the first time since May 11, 2023 when EUR/USD traded near 1.09. 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.