The variety of net-short merchants elevated by 1.76% from the earlier week.
| signal, image | buying and selling bias | net-long % | net-short % | change in the long term | grow to be shorts | convert to oi |
|---|---|---|---|---|---|---|
| euro/usd | quick | 36.64% | 63.36% |
-15.53% Day by day -26.84% weekly |
-7.75% Day by day 1.76% weekly |
-10.76% Day by day -10.99% weekly |
EUR/USD: Retail dealer information reveals that 36.64% of merchants are net-long, with the ratio of merchants to longs at 1.73 to 1. Our information reveals that merchants are actually at their least net-long EUR/USD since February 07 when EUR/USD traded near 1.14. The variety of net-long merchants is 15.53% decrease than yesterday and 26.84% decrease than final week, whereas the variety of net-short merchants is 7.75% decrease than yesterday and 1.76% increased than final week.
We usually take a opposite view to crowd sentiment, and the truth that merchants are net-short means that the EUR/USD value could proceed to rise.
Merchants are net-short yesterday and over the previous week, and the mixture of present sentiment and up to date modifications offers us a powerful EUR/USD-bullish contrarian buying and selling bias.
