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EUR/USD IG Consumer Sentiment: Our knowledge exhibits merchants are actually net-long EUR/USD for the primary time since Jul 06, 2023 when EUR/USD traded close to 1.09.

eur/usd-ig-consumer-sentiment:-our-knowledge-exhibits-merchants-are-actually-net-long-eur/usd-for-the-primary-time-since-jul-06,-2023-when-eur/usd-traded-close-to-109.
EUR/USD Client Positioning

Variety of merchants net-short has decreased by 38.15% from final week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI
EUR/USD BEARISH 51.68% 48.32%

3.24% Day by day

61.51% Weekly

-20.53% Day by day

-38.15% Weekly

-9.80% Day by day

-9.19% Weekly

EUR/USD: Retail dealer knowledge exhibits 51.68% of merchants are net-long with the ratio of merchants lengthy to quick at 1.07 to 1. In truth, merchants have remained net-long since Jul 06 when EUR/USD traded close to 1.09, worth has moved 0.95% greater since then. The variety of merchants net-long is 3.24% greater than yesterday and 61.51% greater from final week, whereas the variety of merchants net-short is 20.53% decrease than yesterday and 38.15% decrease from final week.

We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests EUR/USD costs might proceed to fall.

Our knowledge exhibits merchants are actually net-long EUR/USD for the primary time since Jul 06, 2023 when EUR/USD traded close to 1.09. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger EUR/USD-bearish contrarian buying and selling bias.

DailyFX offers foreign exchange information and technical evaluation on the traits that affect the worldwide forex markets.

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