Our data shows traders are now net-short EUR/USD for the first time since May 06, 2020 when EUR/USD traded near 1.08.

  


EUR/USD Client Positioning

Number of traders net-short has increased by 10.47% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/USD

BULLISH

48.04%

51.96%

-18.80%
Daily

-30.12%
Weekly

32.06%
Daily

10.47%
Weekly

1.52%
Daily

-13.63%
Weekly

EUR/USD: Retail trader data shows 48.04% of traders are net-long with the ratio of traders short to long at 1.08 to 1. In fact, traders have remained net-short since May 06 when EUR/USD traded near 1.08, price has moved 1.12% higher since then. The number of traders net-long is 18.80% lower than yesterday and 30.12% lower from last week, while the number of traders net-short is 32.06% higher than yesterday and 10.47% 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 May 06, 2020 when EUR/USD traded near 1.08. 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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