Forexrobots24

forex advisor developer

EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Jun 15, 2022 when EUR/GBP traded near 0.86.

EUR/GBP Client Positioning

Number of traders net-short has increased by 23.02% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/GBP

BULLISH

47.63%

52.37%

-27.17%
Daily

-32.83%
Weekly

34.12%
Daily

23.02%
Weekly

-4.25%
Daily

-11.88%
Weekly

EUR/GBP: Retail trader data shows 47.63% 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 Jun 15 when EUR/GBP traded near 0.86, price has moved 0.93% higher since then. The number of traders net-long is 27.17% lower than yesterday and 32.83% lower from last week, while the number of traders net-short is 34.12% higher than yesterday and 23.02% 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 Jun 15, 2022 when EUR/GBP traded near 0.86. 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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