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Open Interest In EURUSD Drops, Net Short Slimming

Thursday, 24 January 2008 15:59:53 GMT

Written by John Kicklighter And Antonio Sousa, Currency Analysts

EUR/USD Ratio: -1.27
Signal: Bullish

Currency Last Week Present* % Long % Change in Positions Outstanding Signal
EUR/USD -1.78 -1.27 44% -14.21% Bullish

SSI7_1-24

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.27 as nearly 56% of traders are short. Yesterday, the ratio was at -1.21 as 55% of open positions were short. In detail, long positions are 0.9% higher than yesterday and 5.5% stronger since last week. Short positions are 6.1% higher than yesterday and 25.2% weaker since last week. Open interest is 3.7% stronger than yesterday and 9.0% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

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