Alerts

EUR/USD IG Consumer Sentiment: 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.

EUR/USD chart

Variety of merchants net-short has decreased by 11.12% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/USD

BEARISH

51.66%

48.34%

15.24%
Every day

7.70%
Weekly

-20.54%
Every day

-11.12%
Weekly

-5.36%
Every day

-2.30%
Weekly

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.


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