Variety of merchants net-short has decreased by 11.12% from final week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
EUR/USD: Retail dealer information reveals 51.66% of merchants are net-long with the ratio of merchants lengthy to quick at 1.07 to 1. The truth is, merchants have remained net-long since Oct 16 when EUR/USD traded close to 1.11, worth has moved zero.05% decrease since then. The variety of merchants net-long is 15.24% increased than yesterday and seven.70% increased from final week, whereas the variety of merchants net-short is 20.54% decrease than yesterday and 11.12% decrease from final week. We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests EUR/USD costs might proceed to fall. Our information reveals merchants at the moment are net-long EUR/USD for the primary time since Oct 16, 2019 when EUR/USD traded close to 1.11. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date adjustments provides us a stronger EUR/USD-bearish contrarian buying and selling bias.