00 GMT when EUR/GBP traded near 0.90.

  


EUR/GBP Client Positioning

Number of traders net-short has decreased by 24.75% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/GBP

BEARISH

52.80%

47.20%

25.63%
Daily

17.10%
Weekly

-15.50%
Daily

-24.75%
Weekly

2.16%
Daily

-7.25%
Weekly

EUR/GBP: Retail trader data shows 52.80% of traders are net-long with the ratio of traders long to short at 1.12 to 1. In fact, traders have remained net-long since Jan 04 when EUR/GBP traded near 0.90, price has moved 1.04% lower since then. The number of traders net-long is 25.63% higher than yesterday and 17.10% higher from last week, while the number of traders net-short is 15.50% lower than yesterday and 24.75% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/GBP prices may continue to fall.

Our data shows traders are now net-long EUR/GBP for the first time since Jan 04, 2021 10:00 GMT when EUR/GBP traded near 0.90. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.





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