EURUSD – The ratio of long to short positions in the EURUSD stands at 1.19 as nearly 54% of traders are long. Yesterday, the ratio was at 1.59 as 61% of open positions were long. In detail, long positions are 5.9% lower than yesterday and 12.1% weaker since last week. Short positions are 26.1% higher than yesterday and 29.1% stronger since last week. Open interest is 6.5% stronger than yesterday and 3.9% above its monthly average. The noteworthy shift in crowd positioning suggests that a Euro/US Dollar bounce may be near, and traders who have sold into EURUSD strength may soon look to take profits ahead of any pullbacks.
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