The Number of traders are net-short has decreased from 3.57% last week.
|
SYMBOL |
THE NEGOTIATIONS |
AS% |
JUST A SHORT DISTANCE IN% |
THE CHANGE IN THE LONG |
CHANGE INTO THE SHORTS |
THE CHANGE IS IN THE WORKS |
|
The EUR/GBP |
BEARISH |
50.15% |
49.85% |
47.43%
31.63% |
-3.02%
-3.57% |
17.06%
11.36% |
EUR/GBP: The Retail trader data shows 50.15% of traders are net long, with the ratio of traders long to short, to 1.01-to-1. In fact, traders have remained net long since May 20, when the EUR/GBP traded around 0.90, price 0.66% lower since. The number of traders are net long, it is 47.43% higher than yesterday and 31.63% higher from last week, while the number of traders are net-short, is 3.02% less than it was yesterday and 3.57% lower last week.
In general, we can take it by going against the current of the crowd, sentiment and the fact that traders are net-long suggests EUR/GBP, prices could continue to fall.
“Our data shows traders are now net-long the EUR/GBP for the first time since May 20, 2020, when the EUR/GBP traded around 0.90. The users are increasing net-long more than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.