EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Jan 14, 2022 when EUR/USD traded near 1.14
EUR/USD IG Client, EUR/USD: Retail trader data shows 47.61% of traders are net-long with the ratio of traders short to long at 1.10 to 1. In fact, traders have remained net-short since Jan 14 when EUR/USD traded near 1.14, price has moved 0.06% lower since then. The number of traders net-long is 11.97% lower than yesterday and 35.84% lower from last week, while the number of traders net-short is 3.08% higher than yesterday and 52.73% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/USD prices may continue to rise.
EUR/USD IG Client, NUMBER OF TRADERS NET-SHORT HAS INCREASED BY 52.73% FROM LAST WEEK.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
|EUR/USD||BULLISH||47.61%||52.39%||-11.97% Daily-35.84% Weekly||3.08% Daily52.73% Weekly||-4.68% Daily-7.84% Weekly|
EUR/USD IG Client, Our data shows traders are now net-short EUR/USD for the first time since Jan 14, 2022 when EUR/USD traded near 1.14. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger, EUR/USD IG Client , EUR/USD-bullish contrarian trading bias.