Forexrobots24

forex advisor developer

EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Dec 21, 2021 when EUR/GBP traded near 0.85.

EUR/GBP Client Positioning

Number of traders net-short has increased by 93.30% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/GBP

BULLISH

49.66%

50.34%

-4.64%
Daily

-46.38%
Weekly

3.02%
Daily

93.30%
Weekly

-0.93%
Daily

-15.72%
Weekly

EUR/GBP: Retail trader data shows 49.66% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Dec 21 when EUR/GBP traded near 0.85, price has moved 1.26% lower since then. The number of traders net-long is 4.64% lower than yesterday and 46.38% lower from last week, while the number of traders net-short is 3.02% higher than yesterday and 93.30% higher from last week.

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

Our data shows traders are now net-short EUR/GBP for the first time since Dec 21, 2021 when EUR/GBP traded near 0.85. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.

Advertisement