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Traders With Short Positions in the EUR/USD Reduced Their Exposure Mostly on Profit Taking

Thursday, 17 January 2008 15:47:25 GMT

Written by Antonio Sousa, Quantitative Strategies Analyst

EUR/USD Ratio: -1.78
Signal: Bullish

Currency Last Week Present* % Long % Change in Positions Outstanding Signal
EUR/USD -1.63 -1.78 36% 0.46% Bullish

SSI

EURUSD – The ratio of long to short positions in the EURUSD stands at -1.78 as nearly 64% of traders are short, according to our execution desk data on the positioning of more than 21.000 retail traders. In detail, long positions are 0.7% lower than yesterday and 16.0% stronger since last week. Short positions are 8.3% higher than yesterday but 6.4% weaker since last week. Looking ahead, when retail traders are short but reduce their exposure, the long term direction remains bullish but the market might have some downside in the short term.

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