00 GMT when EUR/GBP traded close to 0.87.

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00 GMT when EUR/GBP traded close to 0.87.

Variety of merchants net-short has elevated by 7.34% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHOR


EUR/GBP Client Positioning

Variety of merchants net-short has elevated by 7.34% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/GBP

BULLISH

49.42%

50.58%

-3.47%
Every day

-0.89%
Weekly

17.04%
Every day

7.34%
Weekly

5.92%
Every day

3.11%
Weekly

EUR/GBP: Retail dealer knowledge exhibits 49.42% of merchants are net-long with the ratio of merchants quick to lengthy at 1.02 to 1. Actually, merchants have remained net-short since Apr 26 when EUR/GBP traded close to 0.87, worth has moved 0.54% decrease since then. The variety of merchants net-long is 3.47% decrease than yesterday and 0.89% decrease from final week, whereas the variety of merchants net-short is 17.04% increased than yesterday and seven.34% increased from final week.

We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests EUR/GBP costs might proceed to rise.

Our knowledge exhibits merchants are actually net-short EUR/GBP for the primary time since Apr 26, 2021 20:00 GMT when EUR/GBP traded close to 0.87. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date adjustments provides us a stronger EUR/GBP-bullish contrarian buying and selling bias.

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