Technical Analysis

EUR/USD: Sentiment Suggests Value Might Quickly Reverse

EURUSD

52% OF TRADERS ARE NET-LONG

EURUSD: Retail dealer knowledge reveals 52.zero% of merchants are net-long with the ratio of merchants lengthy to brief at 1.09 to 1. The variety of merchants net-long is eight.2% decrease than yesterday and 21.three% decrease from final week, whereas the variety of merchants net-short is 1.5% decrease than yesterday and 22.9% greater from final week.

For extra in-depth evaluation, try 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-long suggests EURUSD costs might proceed to fall. But merchants are much less net-long than yesterday and in contrast with final week. Latest adjustments in sentiment warn that the present EURUSD value development might quickly reverse greater regardless of the very fact merchants stay net-long.

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

— Written by Nancy Pakbaz, CFA, DailyFX Analysis

Comply with Nancy on Twitter @NancyPakbazFX


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