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EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since May 24 when EUR/GBP traded near 0.85.

EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since May 24 when EUR/GBP traded near 0.85.

Research, Research Team

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EUR/GBP Client Positioning

Number of traders net-short has decreased by 16.46% from last week.

SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OI
EUR/GBPBEARISH81.43%18.57%

3.39% Daily

12.21% Weekly

-8.33% Daily

-16.46% Weekly

0.99% Daily

5.49% Weekly

EUR/GBP Mixed
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -3% 2% -2%
Weekly 9% 0% 6%
What could changes and extremes in retail trading signal for the market?
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EUR/GBP: Retail trader data shows 81.43% of traders are net-long with the ratio of traders long to short at 4.39 to 1. Our data shows traders are now at their most net-long EUR/GBP since May 24 when EUR/GBP traded near 0.85. The number of traders net-long is 3.39% higher than yesterday and 12.21% higher from last week, while the number of traders net-short is 8.33% lower than yesterday and 16.46% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/GBP 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/GBP-bearish contrarian trading bias.

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