EURUSD – Fast-shifting forex sentiment on the Euro/US Dollar gives us a mixed short-term trading bias, and we may need to wait for a sharper directional move before establishing a firm forecast. The ratio of long to short positions in the EURUSD stands at 1.14 as nearly 53% of traders are long. Yesterday, the ratio was at -1.14 as 53% of open positions were short. In detail, long positions are 17.2% higher than yesterday and 1.1% weaker since last week. Short positions are 9.7% lower than yesterday and 24.3% stronger since last week. Open interest is 2.9% stronger than yesterday and 7.8% above its monthly average. The overnight shift to long positions gives us a modestly bearish bias, but we will wait until further clarification before taking a stronger stance on the recently-choppy EUR/USD.
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