01 Aug, 2024

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Number of traders net-short has decreased by 21.63% from last week.

SYMBOL	TRADING BIAS	NET-LONG%	NET-SHORT%	CHANGE IN LONGS	CHANGE IN SHORTS	CHANGE IN OI
				Daily Weekly	Daily Weekly	Daily Weekly

EUR/USD : In fact, traders have remained net-long since Jul 03 when EUR / USD traded near 1.08, price has moved 0.02% lower since then. The number of traders net-long is 7.80% higher than yesterday and 6.61% higher from last week, while the number of traders net-short is 15.54% lower than yesterday and 21.63% lower from last week.

 

Our data shows traders are now net-long EUR/USD for the first time since Jul 03, 2024 when EUR/USD traded near 1.08. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.