We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • #Nasdaq 100 may look to continue its upward trajectory. As the de facto leader of equity indices, the tech-heavy index has returned to within just 3% of its all-time high. Get your #Nasdaq market update from @PeterHanksFX here: https://t.co/mBSjd4bhBE https://t.co/5QUkJ8Z0mx
  • Speaking of the Dollar, here is the trade-weighted $DXY and an equally-weighted index of the Dollar majors I follow (in orange): https://t.co/SV35BRq5nF
  • $NZDUSD is pushing 11-week highs in today's anti-Dollar charge. Next level if a former support new resistance and 200-day moving average combo https://t.co/pJ5aOr8IDo
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 1.93% Gold: 0.49% Oil - US Crude: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Ih8apLmlOf
  • Canadian #Dollar Technical Outlook: #Loonie Rally Slams $USDCAD into Support - https://t.co/q4RhFRa8Hg https://t.co/epZdzpGUW8
  • The June #ECB meeting on Thursday is the most important central bank meeting of the week. Find out why, from @CVecchioFX here:https://t.co/GRJT0G6PEd https://t.co/soT0knfvod
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.60%, while traders in US 500 are at opposite extremes with 75.54%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/KcO4B3yE0u
  • 🇧🇷 Balance of Trade Actual: $4.50B Expected: $4.743B Previous: $6.7B https://www.dailyfx.com/economic-calendar#2020-06-01
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.58% Wall Street: 0.41% Germany 30: 0.26% France 40: 0.25% FTSE 100: 0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/swJjxXFsVp
  • Heads Up:🇧🇷 Balance of Trade due at 18:00 GMT (15min) Expected: $4.743B Previous: $6.7B https://www.dailyfx.com/economic-calendar#2020-06-01
Euro Positioning Pulls Back Sharply - High Risk of Reversal

Euro Positioning Pulls Back Sharply - High Risk of Reversal

2017-09-01 21:30:00
David Rodriguez, Head of Product
Share:
Euro Positioning Pulls Back Sharply - High Risk of Reversal

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data.

EURUSD: Retail trader data shows 36.0% of traders are net-long with the ratio of traders short to long at 1.78 to 1. In fact, traders have remained net-short since Apr 18 when EURUSD traded near 1.08143; price has moved 9.7% higher since then. The number of traders net-long is 8.0% lower than yesterday and 32.7% higher from last week, while the number of traders net-short is 1.3% lower than yesterday and 25.8% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURUSD prices may continue to rise. Positioning is more net-short than yesterday but less net-short from last week. The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.

See next article in this week’s report: GBPUSD - British Pound Outlook Turns Positive

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.