Number of traders net-short has increased by 34.45% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
---|---|---|---|---|---|---|
EUR/USD | BULLISH | 49.62% | 50.38% |
-10.03% Daily -25.02% Weekly |
26.47% Daily 34.45% Weekly |
5.28% Daily -3.52% Weekly |
Change in | Longs | Shorts | OI |
Daily | 1% | 15% | 7% |
Weekly | 1% | -12% | -5% |
EUR/USD : Retail trader data shows 49.62% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Jun 13 when EUR / USD traded near 1.07, price has moved 0.15% higher since then. The number of traders net-long is 10.03% lower than yesterday and 25.02% lower from last week, while the number of traders net-short is 26.47% higher than yesterday and 34.45% 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 Jun 13, 2024 when EUR/USD traded near 1.07. 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.