Number of traders net-short has decreased by 25.77% from last week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
EUR/USD: Retail trader data shows 50.00% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Jan 06 when EUR/USD traded near 1.06, price has moved 1.40% higher since then. The number of traders net-long is 9.54% higher than yesterday and 16.69% higher from last week, while the number of traders net-short is 3.71% higher than yesterday and 25.77% 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 Jan 06, 2023 when EUR/USD traded near 1.06. 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.