The Crowd Continues to Sell EUR/USD; We Remain Bullish
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The Crowd Continues to Sell EUR/USD; We Remain Bullish

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The Crowd Continues to Sell EUR/USD; We Remain Bullish

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EURUSD - The ratio of long to short positions in the EURUSD stands at -1.45 as 41% of traders are long. Yesterday the ratio was -1.36; 42% of open positions were long. Long positions are 2.1% lower than yesterday and 8.4% above levels seen last week. Short positions are 4.2% higher than yesterday and 6.5% below levels seen last week. Open interest is 1.5% higher than yesterday and 11.5% above its monthly average.

We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the EURUSD may continue higher. The trading crowd has grown further net-short from yesterday but moderated since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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