Variety of merchants net-short has decreased by 1.76% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/USD |
BEARISH |
50.00% |
50.00% |
21.69%
5.36% |
-15.26%
-1.76% |
-0.10%
1.67% |
EUR/USD: Retail dealer information exhibits 50.00% of merchants are net-long with the ratio of merchants lengthy to quick at 1.00 to 1. In actual fact, merchants have remained net-long since Mar 11 when EUR/USD traded close to 1.20, worth has moved 0.53% decrease since then. The variety of merchants net-long is 21.69% greater than yesterday and 5.36% greater from final week, whereas the variety of merchants net-short is 15.26% decrease than yesterday and 1.76% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests EUR/USD costs might proceed to fall.
Our information exhibits merchants are actually net-long EUR/USD for the primary time since Mar 11, 2021 17:00 GMT when EUR/USD traded close to 1.20. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger EUR/USD-bearish contrarian buying and selling bias.
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