Technical Analysis

EUR/USD: Weekly Lengthy Positions Stoop 33% Resulting in a Bullish Bias


The Internet-Lengthy Place is 33% decrease than final week

EURUSD: Retail dealer knowledge reveals 48.1% of merchants are net-long with the ratio of merchants quick to lengthy at 1.08 to 1. The variety of merchants net-long is 12.three% decrease than yesterday and 32.7% decrease from final week, whereas the variety of merchants net-short is four.5% decrease than yesterday and 24.2% larger from final week.

To realize extra perception to how we use sentiment to energy our buying and selling, be part of us for our weekly Buying and selling Sentiment webinar.

EUR/USD Sentiment Suggests a Bullish Bias

We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests EURUSD costs could proceed to rise. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date modifications offers us a stronger EURUSD-bullish contrarian buying and selling bias.

Having bother growing your technique? Right here’s the #1 mistake that merchants make.

— Written by Fan Xu, DailyFX Analysis

Clickbank Promo Tools
Wiadforex is a big online financial news, technical, fundamental analysis, trade ideas, option and educational site with a focus on Nigeria, Africa and world in general. This is an independent online forex platform. That is publish by Wiad Consultancy Services

Leave a Reply

Your email address will not be published. Required fields are marked *

Recommended Clickbank Products