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Forex Traders Accurately Signal EURUSD Declines
Tuesday, 02 September2008 14:24:33 GMT  |  Antonio Sousa, Chief Strategist
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EUR/USD Ratio: 1.07
Signal: Bearish

EURUSD – The ratio of long to short positions in the EURUSD stands at 1.07 as nearly 52% of traders are long. Yesterday, the ratio was at 1.15 as 54% of open positions were long. When retail is long but reduces its exposure, the long term direction remains bearish but the market might have some upside in the short term.

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