Number of traders net-short has increased by 40.48% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
---|---|---|---|---|---|---|
EUR/USD | BULLISH | 49.70% | 50.30% |
-11.28% Daily -27.05% Weekly |
10.41% Daily 40.48% Weekly |
-1.55% Daily -3.78% Weekly |
Change in | Longs | Shorts | OI |
Daily | -19% | 25% | 0% |
Weekly | -27% | 41% | -2% |
EUR/USD: Retail trader data shows 49.70% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Aug 30 when EUR/USD traded near 1.09, price has moved 1.73% lower since then. The number of traders net-long is 11.28% lower than yesterday and 27.05% lower from last week, while the number of traders net-short is 10.41% higher than yesterday and 40.48% 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 Aug 30, 2023 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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