Variety of merchants net-short has decreased by 8.66% from final week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
40.80% Every day
-17.24% Every day
5.68% Every day
EUR/USD: Retail dealer knowledge exhibits 52.61% of merchants are net-long with the ratio of merchants lengthy to quick at 1.11 to 1. In truth, merchants have remained net-long since Could 02 when EUR/USD traded close to 1.10, value has moved 0.45% decrease since then. The variety of merchants net-long is 40.80% larger than yesterday and 23.02% larger from final week, whereas the variety of merchants net-short is 17.24% decrease than yesterday and eight.66% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests EUR/USD costs could proceed to fall.
Our knowledge exhibits merchants are actually net-long EUR/USD for the primary time since Could 02, 2023 02:00 GMT when EUR/USD traded close to 1.10. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger EUR/USD-bearish contrarian buying and selling bias.
DailyFX gives foreign exchange information and technical evaluation on the tendencies that affect the worldwide foreign money markets.