EUR/USD: Net-Long Traders Flood In Since Last Week

EUR/USD Retail Trader Sentiment Positioning

Net-Long Positions Spike 52.7% Since Last Week

EURUSD: Retail trader data shows 56.9% of traders are net-long with the ratio of traders long to short at 1.32 to 1. The number of traders net-long is 4.7% higher than yesterday and 52.7% higher from last week, while the number of traders net-short is 9.0% lower than yesterday and 30.9% lower from last week.

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Bearish Bias Lurks Over EUR/USD

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.

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— Written by Jack Schwarze, DailyFX Research

Article source: https://www.dailyfx.com/forex/technical/ssi/eur-usd/2018/10/04/ssi_eur-usd.html