EURUSD-Forex Positioning

Forex Positioning in the EURUSD

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.22 as nearly 55% of traders are short, according to the FXCM SSI which measures the positioning of thousands of retail traders. In detail, short positions are 8.3% higher than yesterday and 33.1% stronger since last week. However, the higher the number of short orders in a bear market the more dangerous is to take additional shorts because many traders are also leaving their stop losses just above the current price action. The SSI is a contrarian indicator and signals EURUSD gains going forward.