Euro Forecast to Gain Versus US Dollar
EURUSD – The ratio of long to short positions in the EURUSD stands at -1.36 as nearly 58% of traders are short. Yesterday, the ratio was at -1.27 as 56% of open positions were short. In detail, long positions are 20.9% lower than yesterday and 7.9% weaker since last week. Short positions are 15.3% lower than yesterday and 23.5% weaker since last week. Open interest is 17.8% weaker than yesterday and 15.3% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.
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