Number of traders net-short has decreased by 16.46% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/GBP | BEARISH | 81.43% | 18.57% |
3.39% Daily 12.21% Weekly |
-8.33% Daily -16.46% Weekly |
0.99% Daily 5.49% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 0% | -14% | -3% |
| Weekly | 10% | -22% | 2% |
EUR/GBP: Retail trader data shows 81.43% of traders are net-long with the ratio of traders long to short at 4.39 to 1. Our data shows traders are now at their most net-long EUR/GBP since May 24 when EUR/GBP traded near 0.85. The number of traders net-long is 3.39% higher than yesterday and 12.21% higher from last week, while the number of traders net-short is 8.33% lower than yesterday and 16.46% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/GBP prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
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