Number of traders net-short has increased by 43.78% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/USD | BULLISH | 25.98% | 74.02% | -32.63% Daily -49.58% Weekly | 7.74% Daily 43.78% Weekly | -6.78% Daily -2.92% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -5% | -1% | -2% |
| Weekly | 44% | -18% | -4% |
EUR/USD: Retail trader data shows 25.98% of traders are net-long with the ratio of traders short to long at 2.85 to 1. Our data shows traders are now at their least net-long EUR/USD since Feb 01 when EUR/USD traded near 1.10. The number of traders net-long is 32.63% lower than yesterday and 49.58% lower from last week, while the number of traders net-short is 7.74% higher than yesterday and 43.78% 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.
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.
