Number of traders net-short has decreased by 28.05% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIEU
Number of traders net-short has decreased by 28.05% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/USD | BEARISH | 50.49% | 49.51% |
5.90% Daily 57.22% Weekly |
-5.16% Daily -28.05% Weekly |
0.12% Daily -0.92% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 6% | -5% | 0% |
| Weekly | 57% | -28% | -1% |
EUR/USD: Retail trader data shows 50.49% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Dec 13 when EUR/USD traded near 1.09, price has moved 0.27% higher since then. The number of traders net-long is 5.90% higher than yesterday and 57.22% higher from last week, while the number of traders net-short is 5.16% lower than yesterday and 28.05% 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 Dec 13, 2023 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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