EUR/CHF IG Client Sentiment: Our data shows traders are now net-short EUR/CHF for the first time since Dec 18, 2020 when EUR/CHF traded near 1.08.
Number of traders net-short has increased by 25.53% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
EUR/CHF: Retail trader data shows 49.57% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Dec 18 when EUR/CHF traded near 1.08, price has moved 0.29% higher since then. The number of traders net-long is 25.64% lower than yesterday and 10.08% lower from last week, while the number of traders net-short is 12.38% higher than yesterday and 25.53% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/CHF prices may continue to rise.
Our data shows traders are now net-short EUR/CHF for the first time since Dec 18, 2020 when EUR/CHF traded near 1.08. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bullish contrarian trading bias.
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