Number of traders net-short has decreased by 17.40% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/USD | BEARISH | 51.50% | 48.50% |
25.63% Daily 27.10% Weekly |
-25.93% Daily -17.40% Weekly |
-6.08% Daily 0.77% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 41% | -27% | -1% |
| Weekly | 41% | -23% | 2% |
EUR/USD: Retail trader data shows 51.50% of traders are net-long with the ratio of traders long to short at 1.06 to 1. In fact, traders have remained net-long since Mar 06 when EUR/USD traded near 1.09, price has moved 0.09% lower since then. The number of traders net-long is 25.63% higher than yesterday and 27.10% higher from last week, while the number of traders net-short is 25.93% lower than yesterday and 17.40% 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.
Our data shows traders are now net-long EUR/USD for the first time since Mar 06, 2024 03:00 GMT when EUR/USD traded near 1.09. 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.
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