Euro Likely to Rally Against U.S. Dollar
EURUSD - The ratio of long to short positions in the EURUSD stands at -1.76 as nearly 64% of traders are short. Yesterday, the ratio was at -1.40 as 58% of open positions were short. In detail, long positions are 7.2% lower than yesterday and 1.5% stronger since last week. Short positions are 17.0% higher than yesterday and 3.3% stronger since last week. Open interest is 6.9% stronger than yesterday and 116.9% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.
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