Number of traders net-short has decreased by 17.40% from last week.

SYMBOL	TRADING BIAS	NET-LONG%	NET-SHORT%	CHANGE IN LONGS	CHANGE IN SHORTS	CHANGE IN OI
EUR/USD	BEARISH	51.50%	48.50%	25.63% Daily 27.10% Weekly	-25.93% Daily -17.40% Weekly	-6.08% Daily 0.77% Weekly

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

Change in	Longs	Shorts	OI
Daily	26%	-26%	-6%
Weekly	27%	-17%	1%

What could changes and extremes in retail trading signal for the market? EUR/USD: Retail trader data shows 51.50% of traders are net-long with the ratio of traders long to short at 1.06 to 1. In fact, traders have remained net-long since Mar 06 when EUR/USD traded near 1.09, price has moved 0.09% lower since then. The number of traders net-long is 25.63% higher than yesterday and 27.10% higher from last week, while the number of traders net-short is 25.93% lower than yesterday and 17.40% 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 Mar 06, 2024 03:00 GMT when EUR/USD traded near 1.09. 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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