Number of traders net-short has increased by 81.63% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/GBP | BULLISH | 48.46% | 51.54% | -26.61% Daily -43.85% Weekly | 27.14% Daily 81.63% Weekly | -6.16% Daily -12.79% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 10% | -19% | -4% |
| Weekly | 30% | -30% | -3% |
EUR/GBP: Retail trader data shows 48.46% of traders are net-long with the ratio of traders short to long at 1.06 to 1. In fact, traders have remained net-short since Apr 24 when EUR/GBP traded near 0.86, price has moved 0.21% higher since then. The number of traders net-long is 26.61% lower than yesterday and 43.85% lower from last week, while the number of traders net-short is 27.14% higher than yesterday and 81.63% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/GBP prices may continue to rise.
Our data shows traders are now net-short EUR/GBP for the first time since Apr 24, 2024 when EUR/GBP traded near 0.86. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
