Forexrobots24

forex advisor developer

EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Jan 14, 2022 when EUR/USD traded near 1.14.

EUR/USD Client Positioning

Number of traders net-short has increased by 52.73% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/USD

BULLISH

47.61%

52.39%

-11.97%
Daily

-35.84%
Weekly

3.08%
Daily

52.73%
Weekly

-4.68%
Daily

-7.84%
Weekly

EUR/USD: Retail trader data shows 47.61% of traders are net-long with the ratio of traders short to long at 1.10 to 1. In fact, traders have remained net-short since Jan 14 when EUR/USD traded near 1.14, price has moved 0.06% lower since then. The number of traders net-long is 11.97% lower than yesterday and 35.84% lower from last week, while the number of traders net-short is 3.08% higher than yesterday and 52.73% 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.

Our data shows traders are now net-short EUR/USD for the first time since Jan 14, 2022 when EUR/USD traded near 1.14. 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.

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