72.6% OF TRADERS ARE NET-LONG
EURUSD: Retail dealer information reveals 72.6% of merchants are net-long with the ratio of merchants lengthy to quick at 2.65 to 1. The variety of merchants net-long is 13.9% decrease than yesterday and 17.1% larger from final week, whereas the variety of merchants net-short is 32.eight% decrease than yesterday and 56.four% decrease from final week.
For extra in-depth evaluation, take a look at the Q1 2019 Forecast for the Euro
EURUSD SENTIMENT SUGGESTS BEARISH TRADING BIAS
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests EURUSD costs might proceed to fall. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger EURUSD-bearish contrarian buying and selling bias.
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— Written by Nancy Pakbaz, CFA, DailyFX Analysis
Observe Nancy on Twitter @NancyPakbazFX