Variety of merchants net-short has decreased by 27.17% from final week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/USD | BEARISH | 50.21% | 49.79% |
50.04% Every day 37.59% Weekly |
-23.29% Every day -27.17% Weekly |
1.66% Every day -4.63% Weekly |
EUR/USD: Retail dealer knowledge reveals 50.21% of merchants are net-long with the ratio of merchants lengthy to quick at 1.01 to 1. Actually, merchants have remained net-long since Nov 10 when EUR/USD traded close to 1.02, worth has moved 3.51% greater since then. The variety of merchants net-long is 50.04% greater than yesterday and 37.59% greater from final week, whereas the variety of merchants net-short is 23.29% decrease than yesterday and 27.17% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests EUR/USD costs could proceed to fall.
Our knowledge reveals merchants at the moment are net-long EUR/USD for the primary time since Nov 10, 2022 when EUR/USD traded close to 1.02. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger EUR/USD-bearish contrarian buying and selling bias.
