Euro Forecast Strongly Bullish Against US Dollar
EURUSD – The ratio of long to short positions in the EURUSD stands at -1.54 as nearly 61% of traders are short. Yesterday, the ratio was at -1.56 as 61% of open positions were short. In detail, long positions are 2.3% lower than yesterday and 2.8% stronger since last week. Short positions are 3.2% lower than yesterday and 11.1% weaker since last week. Open interest is 2.8% weaker than yesterday and 5.6% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.
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