Number of traders net-short has decreased by 24.61% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
EUR/USD | BEARISH | 50.45% | 49.55% | 18.52% 22.72% | -9.19% -24.61% | 2.96% -6.40% |
EUR/USD: Retail trader data shows 50.45% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Feb 05 when EUR/USD traded near 1.20, price has moved 0.01% lower since then. The number of traders net-long is 18.52% higher than yesterday and 22.72% higher from last week, while the number of traders net-short is 9.19% lower than yesterday and 24.61% 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 Feb 05, 2021 when EUR/USD traded near 1.20. 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.
