Skip to content
News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
The Number of Euro-Traders Net-Long Falls by 24%

The Number of Euro-Traders Net-Long Falls by 24%

Dylan Jusino,
The Number of Euro-Traders Net-Long Falls by 24%

EURUSD: Retail trader data shows 35.7% of traders are net-long with the ratio of traders short to long at 1.8 to 1. In fact, traders have remained net-short since Apr 18 when EURUSD traded near 1.06246; price has moved 17.2% higher since then. The number of traders net-long is 8.7% lower than yesterday and 24.9% lower from last week, while the number of traders net-short is 2.1% lower than yesterday and 2.7% 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. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.

--- Written by Dylan Jusino, DailyFX Research

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

DISCLOSURES