EURO FORECAST TO GAIN VERSUS U.S. DOLLAR
EURUSD – The ratio of long to short positions in the EURUSD stands at -1.69 as nearly 63% of traders are short. Yesterday, the ratio was at -1.50 as 60% of open positions were short. In detail, long positions are 9.1% lower than yesterday and 2.6% weaker since last week. Short positions are 3.0% higher than yesterday and 28.3% stronger since last week. Open interest is 1.8% weaker than yesterday and 103.9% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.
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