Number of traders net-short has increased by 13.36% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/USD | BULLISH | 48.57% | 51.43% |
-19.55% Daily -15.37% Weekly |
18.69% Daily 13.36% Weekly |
-3.57% Daily -2.69% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -22% | 20% | -4% |
| Weekly | -18% | 17% | -3% |
EUR/USD: Retail trader data shows 48.57% of traders are net-long with the ratio of traders short to long at 1.06 to 1. In fact, traders have remained net-short since Mar 21 when EUR/USD traded near 1.09, price has moved 0.27% lower since then. The number of traders net-long is 19.55% lower than yesterday and 15.37% lower from last week, while the number of traders net-short is 18.69% higher than yesterday and 13.36% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/USD prices may continue to rise.
Our data shows traders are now net-short EUR/USD for the first time since Mar 21, 2024 when EUR/USD traded near 1.09. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias.
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