Number of traders net-short has decreased by 28.45% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIEU
Number of traders net-short has decreased by 28.45% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/USD | BEARISH | 50.98% | 49.02% |
17.09% Daily 19.54% Weekly |
-28.42% Daily -28.45% Weekly |
-10.73% Daily -10.04% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 29% | -28% | -6% |
| Weekly | 18% | -27% | -9% |
EUR/USD: Retail trader data shows 50.98% of traders are net-long with the ratio of traders long to short at 1.04 to 1. In fact, traders have remained net-long since Jun 15 when EUR/USD traded near 1.09, price has moved 0.72% lower since then. The number of traders net-long is 17.09% higher than yesterday and 19.54% higher from last week, while the number of traders net-short is 28.42% lower than yesterday and 28.45% 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 Jun 15, 2023 14:00 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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