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Mixed
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Long Short

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of clients are net short.
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of clients are net short.
Long Short

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Mixed
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High
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of clients are net short.
Long Short

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Euro Bias Mixed, Retains Potential for Bearish Turn

Euro Bias Mixed, Retains Potential for Bearish Turn

Christopher Vecchio, CFA, Senior Strategist
Euro Bias Mixed, Retains Potential for Bearish Turn

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

EURUSD: Retail trader data shows 37.6% of traders are net-long with the ratio of traders short to long at 1.66 to 1. In fact, traders have remained net-short since Apr 18 when EURUSD traded near 1.07831; price has moved 8.7% higher since then. The number of traders net-long is 6.7% lower than yesterday and 15.1% lower from last week, while the number of traders net-short is 0.7% lower than yesterday and 10.5% higher 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. Traders are further net-short than yesterday and last week. The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.

--- Written by Christopher Vecchio, CFA, Senior Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

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

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