EUR/USD ratio: -1.45
Trading Forecast: Bullish

EURUSD – Our forex trading signals have bought into the Euro’s post-ECB rallies, as aggressive forex crowd selling gives contrarian signs to go long the Euro/US Dollar. The ratio of long to short positions in the EURUSD stands at -1.45 as nearly 59% of traders are short. Yesterday, the ratio was at -1.24 as 55% of open positions were short. In detail, long positions are 10.2% lower than yesterday and 6.3% weaker since last week. Short positions are 4.9% higher than yesterday and 5.4% stronger since last week. Open interest is 1.8% weaker than yesterday and 0.8% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.