Number of traders net-short has decreased by 21.63% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/USD | BEARISH | 50.71% | 49.29% |
7.80% Daily 6.61% Weekly |
-15.54% Daily -21.63% Weekly |
-5.12% Daily -9.47% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 8% | -16% | -5% |
| Weekly | 7% | -22% | -9% |
EUR/USD: Retail trader data shows 50.71% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since Jul 03 when EUR/USD traded near 1.08, price has moved 0.02% lower since then. The number of traders net-long is 7.80% higher than yesterday and 6.61% higher from last week, while the number of traders net-short is 15.54% lower than yesterday and 21.63% 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 Jul 03, 2024 when EUR/USD traded near 1.08. 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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