EUR/USD: Net-Long Traders Flood In Since Last Week
NET-LONG POSITIONS SPIKE 52.7% SINCE LAST WEEK
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EURUSD: Retail trader data shows 56.9% of traders are net-long with the ratio of traders long to short at 1.32 to 1. The number of traders net-long is 4.7% higher than yesterday and 52.7% higher from last week, while the number of traders net-short is 9.0% lower than yesterday and 30.9% lower from last week.
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BEARISH BIAS LURKS OVER EUR/USD
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EURUSD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.
TO get more information and hourly alert analysis FOLLOW Our Profile- tradingview.com/u/InvestingScope/
FOLLOW Our Profile- tradingview.com/u/InvestingScope/
EURUSD: Retail trader data shows 56.9% of traders are net-long with the ratio of traders long to short at 1.32 to 1. The number of traders net-long is 4.7% higher than yesterday and 52.7% higher from last week, while the number of traders net-short is 9.0% lower than yesterday and 30.9% lower from last week.
To gain more insight to how we use sentiment to power our trading, join us for our weekly Trading Sentiment webinar.
BEARISH BIAS LURKS OVER EUR/USD
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EURUSD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.
TO get more information and hourly alert analysis FOLLOW Our Profile- tradingview.com/u/InvestingScope/
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