EUR/USD Ratio: -1.68
Signal: Bullish
| Currency | Last Week | Present* | % Long | % Change in Positions Outstanding | Signal |
| EUR/USD | -1.81 | -1.68 | 37% | 13.30% | Bullish |
EURUSD – Speculative retail positioning continues to support the EURUSD’s record breaking advance. Since the build up in shorts preceded the breakout above 1.50 last week, the net negative SSI ratio reading has made little effort to turn to parity and the eventual net long reading. The reading stands at -1.68 today, moderating from the -1.81 print from last week. A more significant comparison is made with yesterday’s -2.05 reading – coming before the push above 1.5300. Looking at the positioning details, it’s clear that a greater number of speculative traders are turning with the trend while fewer are trying to call tops. Long positions are 22.7% higher than yesterday and 24.6% greater than last week. On the other side of the coin, shorts are only 0.9% higher than yesterday and 7.5% stronger than last week. Altogether open interest is 8.0% stronger than yesterday and 23.6% above its monthly average.