Our data shows traders are now net-short EUR/GBP for the first time since Apr 15, 2020 when EUR/GBP traded near 0.87.


EUR/GBP Client Positioning

Number of traders net-short has increased by 3.26% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/GBP

BULLISH

49.60%

50.40%

-2.60%
Daily

-24.75%
Weekly

14.80%
Daily

3.26%
Weekly

5.45%
Daily

-12.83%
Weekly

EUR/GBP: Retail trader data shows 49.60% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Apr 15 when EUR/GBP traded near 0.87, price has moved 0.06% higher since then. The number of traders net-long is 2.60% lower than yesterday and 24.75% lower from last week, while the number of traders net-short is 14.80% higher than yesterday and 3.26% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/GBP prices may continue to rise.

Our data shows traders are now net-short EUR/GBP for the first time since Apr 15, 2020 when EUR/GBP traded near 0.87. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.





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