Forexrobots24

forex advisor developer

EUR/USD IG Client Sentiment: Our data shows traders are now at their least net-long EUR/USD since Jun 15 when EUR/USD traded near 1.13.

EUR/USD Client Positioning

Number of traders net-short has increased by 29.84% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/USD

BULLISH

25.50%

74.50%

-9.97% Daily

-25.79% Weekly

11.29% Daily

29.84% Weekly

4.97% Daily

9.00% Weekly

EUR/USD: Retail trader data shows 25.50% of traders are net-long with the ratio of traders short to long at 2.92 to 1. Our data shows traders are now at their least net-long EUR/USD since Jun 15 when EUR/USD traded near 1.13. The number of traders net-long is 9.97% lower than yesterday and 25.79% lower from last week, while the number of traders net-short is 11.29% higher than yesterday and 29.84% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/USD 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 EUR/USD-bullish contrarian trading bias.