EUR/USD IG Client Sentiment: Our data shows traders are now at their most net-long EUR/USD since Aug 11 when EUR/USD traded near 1.17.
Number of traders net-short has decreased by 22.41% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
EUR/USD: Retail trader data shows 69.90% of traders are net-long with the ratio of traders long to short at 2.32 to 1. Our data shows traders are now at their most net-long EUR/USD since Aug 11 when EUR/USD traded near 1.17. The number of traders net-long is 5.02% higher than yesterday and 14.25% higher from last week, while the number of traders net-short is 15.27% lower than yesterday and 22.41% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/USD 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/USD-bearish contrarian trading bias.
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