Number of traders net-short has decreased by 24.40% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/USD | BEARISH | 51.32% | 48.68% |
13.19% Daily 30.59% Weekly |
-21.65% Daily -24.40% Weekly |
-6.95% Daily -3.56% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 10% | -18% | -6% |
| Weekly | 26% | -23% | -5% |
EUR/USD : Retail trader data shows 51.32% of traders are net-long with the ratio of traders long to short at 1.05 to 1. In fact, traders have remained net-long since May 30 when EUR / USD traded near 1.08, price has moved 0.23% lower since then. The number of traders net-long is 13.19% higher than yesterday and 30.59% higher from last week, while the number of traders net-short is 21.65% lower than yesterday and 24.40% 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 May 30, 2024 13:00 GMT when EUR/USD traded near 1.08. 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.