EUR/USD ratio: 1.13
Trading Forecast: Bearish

EURUSD – Our forex trading signals remain sold the Euro against the US Dollar, as shifts in forex sentiment signaled that further EUR/USD losses are likely. Yet increasingly indecisive forex traders have limited the conviction of our sentiment-based Euro forecasts—especially as the pair seems relegated to a progressively narrower trading range. The ratio of long to short positions in the EURUSD stands at 1.13 as nearly 53% of traders are long. Yesterday, the ratio was at 1.10 as 52% of open positions were long. In detail, long positions are 2.4% higher than yesterday and 9.2% weaker since last week. Short positions are 0.1% lower than yesterday and 19.8% stronger since last week. Open interest is 1.2% stronger than yesterday and 9.3% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.