Forexrobots24

forex advisor developer

EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Mar 22, 2022 10:00 GMT when EUR/GBP traded near 0.83.

EUR/GBP Client Positioning

Number of traders net-short has decreased by 1.98% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/GBP

BULLISH

49.78%

50.22%

-15.06%
Daily

-22.87%
Weekly

25.27%
Daily

-1.98%
Weekly

1.32%
Daily

-13.63%
Weekly

EUR/GBP: Retail trader data shows 49.78% 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 Mar 22 when EUR/GBP traded near 0.83, price has moved 1.67% higher since then. The number of traders net-long is 15.06% lower than yesterday and 22.87% lower from last week, while the number of traders net-short is 25.27% higher than yesterday and 1.98% lower 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 Mar 22, 2022 10:00 GMT when EUR/GBP traded near 0.83. 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.

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