Number of traders net-short has increased by 12.76% from last week.
| EUR/USD | BULLISH | 35.48% | 64.52% | -6.49% Daily-19.49% Weekly | 12.09% Daily12.76% Weekly | 4.71% Daily-1.27% Weekly |
EUR/USD: Retail trader data shows 35.48% of traders are net-long with the ratio of traders short to long at 1.82 to 1. Our data shows traders are now at their least net-long EUR/USD since Dec 15 when EUR/USD traded near 1.06. The number of traders net-long is 6.49% lower than yesterday and 19.49% lower from last week, while the number of traders net-short is 12.09% higher than yesterday and 12.76% 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.
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