Number of traders net-short has increased by 31.22% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/USD | BULLISH | 49.67% | 50.33% | -15.18% Daily -20.11% Weekly | 15.15% Daily 31.22% Weekly | -2.22% Daily -0.52% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -12% | 17% | -4% |
| Weekly | -7% | 0% | -5% |
EUR/USD: Retail trader data shows 49.67% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Aug 10 when EUR/USD traded near 1.10, price has moved 0.47% lower since then. The number of traders net-long is 15.18% lower than yesterday and 20.11% lower from last week, while the number of traders net-short is 15.15% higher than yesterday and 31.22% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/USD prices may continue to rise.
Our data shows traders are now net-short EUR/USD for the first time since Aug 10, 2023 when EUR/USD traded near 1.10. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias.
