Euro Forecast to Fall Further Against US Dollar
The ratio of long to short positions in the EURUSD stands at 1.04 as nearly 51% of traders are long, according to the FXCM SSI which measures the positioning of thousands of retail traders. Last week, the ratio was at -1.13 as 53% of open positions were short. Retail traders have been buying the EURUSD and long positions are up by 19.7% since last week. The SSI is a contrarian indicator and signals more EURUSD losses.
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