Crowd Sentiment Favors Additional Euro Gains
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 -1.31 as 57% of open positions were short. In detail, long positions are 2.4% lower than yesterday and 11.6% stronger since last week. Short positions are 0.9% higher than yesterday and 3.5% weaker since last week. Open interest is 0.5% weaker than yesterday and 0.6% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.
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--- Written by Christopher Vecchio, Currency Analyst for DailyFX.com
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