00 GMT when EUR/USD traded close to 1.07.

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Number of merchants net-short has elevated by 1.13% from final week.

EUR/USD BULLISH 48.95% 51.05%

-27.45% Daily

-13.69% Weekly

16.11% Daily

1.13% Weekly

-10.27% Daily

-6.71% Weekly

of purchasers are internet lengthy.

of purchasers are internet quick.

Change in Longs Shorts OI
Daily -34% 24% -10%
Weekly -29% 22% -7%

EUR/USD: Retail dealer information reveals 48.95% of merchants are net-long with the ratio of merchants quick to lengthy at 1.04 to 1. In truth, merchants have remained net-short since Nov 07 when EUR/USD traded close to 1.07, value has moved 1.09% greater since then. The variety of merchants net-long is 27.45% decrease than yesterday and 13.69% decrease from final week, whereas the variety of merchants net-short is 16.11% greater than yesterday and 1.13% greater from final week.

We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests EUR/USD costs could proceed to rise.

Our information reveals merchants at the moment are net-short EUR/USD for the primary time since Nov 07, 2023 11:00 GMT when EUR/USD traded close to 1.07. Traders are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger EUR/USD-bullish contrarian buying and selling bias.

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