Number of traders net-short has decreased by 10.36% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIEU
Number of traders net-short has decreased by 10.36% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/USD | BEARISH | 51.09% | 48.91% |
33.72% Daily 10.17% Weekly |
-24.49% Daily -10.36% Weekly |
-2.89% Daily -0.92% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 34% | -24% | -3% |
| Weekly | 10% | -10% | -1% |
EUR/USD: Retail trader data shows 51.09% 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 May 09 when EUR/USD traded near 1.08, price has moved 0.24% higher since then. The number of traders net-long is 33.72% higher than yesterday and 10.17% higher from last week, while the number of traders net-short is 24.49% lower than yesterday and 10.36% 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 May 09, 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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