EUR/CHF IG Client Sentiment: Our data shows traders are now at their most net-long EUR/CHF since Jan 19 when EUR/CHF traded near 1.08.
Number of traders net-short has decreased by 57.79% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
EUR/CHF: Retail trader data shows 78.11% of traders are net-long with the ratio of traders long to short at 3.57 to 1. Our data shows traders are now at their most net-long EUR/CHF since Jan 19 when EUR/CHF traded near 1.08. The number of traders net-long is 6.42% higher than yesterday and 11.54% higher from last week, while the number of traders net-short is 53.57% lower than yesterday and 57.79% 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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