Our information reveals merchants are actually net-long EUR/GBP for the primary time since Jun 11, 2020 when EUR/GBP traded close to 0.90.

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Our information reveals merchants are actually net-long EUR/GBP for the primary time since Jun 11, 2020 when EUR/GBP traded close to 0.90.

Variety of merchants net-short has decreased by 12.20% from final week. SYMBOL


EUR/GBP Client Positioning

Variety of merchants net-short has decreased by 12.20% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/GBP

BEARISH

50.10%

49.90%

30.87%
Each day

49.13%
Weekly

-2.67%
Each day

-12.20%
Weekly

11.67%
Each day

10.58%
Weekly

EUR/GBP: Retail dealer information reveals 50.10% of merchants are net-long with the ratio of merchants lengthy to brief at 1.00 to 1. In truth, merchants have remained net-long since Jun 11 when EUR/GBP traded close to 0.90, value has moved 0.42% larger since then. The variety of merchants net-long is 30.87% larger than yesterday and 49.13% larger from final week, whereas the variety of merchants net-short is 2.67% decrease than yesterday and 12.20% decrease from final week.

We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests EUR/GBP costs could proceed to fall.

Our information reveals merchants are actually net-long EUR/GBP for the primary time since Jun 11, 2020 when EUR/GBP traded close to 0.90. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications offers us a stronger EUR/GBP-bearish contrarian buying and selling bias.



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