EUR/CHF IG Client Sentiment: Our data shows traders are now at their most net-long EUR/CHF since Feb 10 when EUR/CHF traded near 1.07.
Number of traders net-short has decreased by 47.92% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
EUR/CHF: Retail trader data shows 90.12% of traders are net-long with the ratio of traders long to short at 9.12 to 1. Our data shows traders are now at their most net-long EUR/CHF since Feb 10 when EUR/CHF traded near 1.07. The number of traders net-long is 3.64% higher than yesterday and 13.80% lower from last week, while the number of traders net-short is unchanged than yesterday and 47.92% 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.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.