Alerts

EUR/USD IG Consumer Sentiment: Our knowledge exhibits merchants at the moment are net-short EUR/USD for the primary time since Jul 01, 2019 when EUR/USD traded close to 1.13.

EUR/USD chart

Variety of merchants net-short has elevated by 71.92% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/USD

BULLISH

49.43%

50.57%

-Four.09%
Day by day

-25.89%
Weekly

11.21%
Day by day

71.92%
Weekly

three.08%
Day by day

Four.04%
Weekly

EUR/USD: Retail dealer knowledge exhibits 49.43% of merchants are net-long with the ratio of merchants brief to lengthy at 1.02 to 1. In truth, merchants have remained net-short since Jul 01 when EUR/USD traded close to 1.13, value has moved 2.69% decrease since then. The variety of merchants net-long is Four.09% decrease than yesterday and 25.89% decrease from final week, whereas the variety of merchants net-short is 11.21% larger than yesterday and 71.92% larger from final week. We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests EUR/USD costs could proceed to rise. Our knowledge exhibits merchants at the moment are net-short EUR/USD for the primary time since Jul 01, 2019 when EUR/USD traded close to 1.13. Merchants are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger EUR/USD-bullish contrarian buying and selling bias.


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