EUR/USD Ratio: -1.81
Signal: Bullish
| Currency | Last Week | Present* | % Long | % Change in Positions Outstanding | Signal |
| EUR/USD | -1.79 | -1.81 | 35% | 10.10% | Bullish |
EURUSD – The Speculative Sentiment Index has kept us on the right side of the market for the EURUSD’s momentous break above 1.50 this past week. Despite the pair’s break to record highs and its move beyond the closely watched milestone, however, retail positioning remains net short – pointing to further follow through. The ratio of long to short positions was slightly more extreme at -1.81 than last week’s -1.79. On the other hand, the ratio has pulled back from the -2.29 reading from Tuesday – before the euro forced its break. Taking a look at the details, EURUSD longs are 13.1% higher than yesterday and 19.2% greater than the same time a week ago. Short positions are 5.8% higher than last week and down 0.4% from yesterday. Open interest, in spite of the sharp rally, is only 4.0% stronger than yesterday and 16.5% above its monthly average.