Euro Forecast to Fall Further Against US Dollar
EURUSD – The ratio of long to short positions in the EURUSD stands at 1.18 as nearly 54% of traders are long. Yesterday, the ratio was at 1.54 as 61% of open positions were long. In detail, long positions are 6.3% lower than yesterday and 6.9% stronger since last week. Short positions are 21.4% higher than yesterday and 12.5% stronger since last week. Open interest is 4.6% stronger than yesterday and 5.6% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.
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