EUR/CHF IG Client Sentiment: Our data shows traders are now at their most net-long EUR/CHF since Mar 15 when EUR/CHF traded near 0.99.
Number of traders net-short has decreased by 2.25% from last week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
EUR/CHF: Retail trader data shows 82.67% of traders are net-long with the ratio of traders long to short at 4.77 to 1. Our data shows traders are now at their most net-long EUR/CHF since Mar 15 when EUR/CHF traded near 0.99. The number of traders net-long is 0.48% lower than yesterday and 8.64% higher from last week, while the number of traders net-short is 17.14% lower than yesterday and 2.25% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/CHF prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bearish contrarian trading bias.
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