Thursday, 19 September 2019 06:50 GMT

EURUSD: Net-Short Positions Increased by 5.5% from Last Week

(MENAFN - DailyFX) EUR/USD sentiment NUMBER OF TRADERS NET-LONG HAS DECREASED BY 7.7% FROM LAST WEEK EURUSD: Retail trader data shows 51.6% of traders are net-long with the ratio of traders long to short at 1.07 to 1. The number of trader's net-long is 7.7% higher than yesterday and 7.7% lower from last week, while the number of traders net-short is 8.3% lower than yesterday and 5.5% higher from last week.

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EUR/USD SENTIMENT REMAINS BEARISH We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EURUSD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.

— Written by Warren Venketas, DailyFX Research


EURUSD: Net-Short Positions Increased by 5.5% from Last Week


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