Our knowledge exhibits merchants at the moment are net-short EUR/USD for the primary time since Mar 23, 2021 when EUR/USD traded close to 1.18.

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Our knowledge exhibits merchants at the moment are net-short EUR/USD for the primary time since Mar 23, 2021 when EUR/USD traded close to 1.18.

Variety of merchants net-short has elevated by 9.38% from final week. SYMBOL


EUR/USD Client Positioning

Variety of merchants net-short has elevated by 9.38% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/USD

BULLISH

49.76%

50.24%

-0.42%
Day by day

-10.24%
Weekly

8.51%
Day by day

9.38%
Weekly

3.88%
Day by day

-1.35%
Weekly

EUR/USD: Retail dealer knowledge exhibits 49.76% of merchants are net-long with the ratio of merchants brief to lengthy at 1.01 to 1. In truth, merchants have remained net-short since Mar 23 when EUR/USD traded close to 1.18, worth has moved 0.23% larger since then. The variety of merchants net-long is 0.42% decrease than yesterday and 10.24% decrease from final week, whereas the variety of merchants net-short is 8.51% larger than yesterday and 9.38% larger from final week.

We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests EUR/USD costs could proceed to rise.

Our knowledge exhibits merchants at the moment are net-short EUR/USD for the primary time since Mar 23, 2021 when EUR/USD traded close to 1.18. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date adjustments provides us a stronger EUR/USD-bullish contrarian buying and selling bias.

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