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Abstract: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.
Number of traders net-short has decreased by 25.77% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OI
EUR/USD: In fact, traders have remained net-long since Jan 06 when EUR/USD traded near 1.06, price has moved 1.40% higher since then. The number of traders net-long is 9.54% higher than yesterday and 16.69% higher from last week, while the number of traders net-short is 3.71% higher than yesterday and 25.77% lower from last week.
Our data shows traders are now net-long EUR/USD for the first time since Jan 06, 2023 when EUR/USD traded near 1.06. 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.
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