Technical Analysis

EUR/USD: Merchants Stay Web-Brief

EurUsd

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.

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

— Written by Nancy Pakbaz, CFA, DailyFX Analysis


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