Forexrobots24

forex advisor developer

EUR/USD IG Client Sentiment: Our data shows traders are now at their most net-long EUR/USD since Aug 30 when EUR/USD traded near 1.10.

EUR/USD Client Positioning

Number of traders net-short has decreased by 34.95% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/USD

BEARISH

76.72%

23.28%

10.39% Daily

53.63% Weekly

-4.29% Daily

-34.95% Weekly

6.59% Daily

16.65% Weekly

EUR/USD: Retail trader data shows 76.72% of traders are net-long with the ratio of traders long to short at 3.30 to 1. Our data shows traders are now at their most net-long EUR/USD since Aug 30 when EUR/USD traded near 1.10. The number of traders net-long is 10.39% higher than yesterday and 53.63% higher from last week, while the number of traders net-short is 4.29% lower than yesterday and 34.95% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/USD prices may continue to fall.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.