Number of traders net-short has decreased by 24.40% from last week.

SYMBOL	TRADING BIAS	NET-LONG%	NET-SHORT%	CHANGE IN LONGS	CHANGE IN SHORTS	CHANGE IN OI
EUR/USD	BEARISH	51.32%	48.68%	13.19% Daily 30.59% Weekly	-21.65% Daily -24.40% Weekly	-6.95% Daily -3.56% Weekly

EUR/USD Bearish Data provided by of clients are net long. of clients are net short.

Change in	Longs	Shorts	OI
Daily	10%	-18%	-6%
Weekly	26%	-23%	-5%

What could changes and extremes in retail trading signal for the market? EUR/USD: Retail trader data shows 51.32% of traders are net-long with the ratio of traders long to short at 1.05 to 1. In fact, traders have remained net-long since May 30 when EUR/USD traded near 1.08, price has moved 0.23% lower since then. The number of traders net-long is 13.19% higher than yesterday and 30.59% higher from last week, while the number of traders net-short is 21.65% lower than yesterday and 24.40% lower from last week.

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

Our data shows traders are now net-long EUR/USD for the first time since May 30, 2024 13:00 GMT 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.

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