49.5% OF TRADERS ARE NET-LONG
EURUSD: Retail dealer knowledge reveals 49.5% of merchants are net-long with the ratio of merchants brief to lengthy at 1.02 to 1. The variety of merchants net-long is 13.5% increased than yesterday and 5.zero% decrease from final week, whereas the variety of merchants net-short is three.2% increased than yesterday and 13.three% increased from final week.
For extra in-depth evaluation, take a look at the Q1 2019 Forecast for the Euro
EURUSD SENTIMENT SUGGESTS A MIXED BIAS
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests EURUSD costs might proceed to rise. Positioning is much less net-short than yesterday however extra net-short from final week. The mixture of present sentiment and up to date adjustments offers us an additional blended EURUSD buying and selling bias.
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— Written by Nancy Pakbaz, CFA, DailyFX Analysis