(MENAFN - DailyFX) Number of traders net-short has increased by 80.51% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
| EUR/USD | BULLISH | 36.32% | 63.68% | -8.99% Daily -64.76% Weekly | 32.15% Daily 80.51% Weekly | 13.51% Daily -27.71% Weekly |
EUR/USD : Retail trader data shows 36.32% of traders are net-long with the ratio of traders short to long at 1.75 to 1. Our data shows traders are now at their least net-long EUR / USD since Jan 02 when EUR/USD traded near 1.12. The number of traders net-long is 8.99% lower than yesterday and 64.76% lower from last week, while the number of traders net-short is 32.15% higher than yesterday and 80.51% 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.
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-bullish contrarian trading bias.
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