Our data shows traders are now at their most net-long EUR/GBP since Jul 13 when EUR/GBP traded near 0.85.


EUR/GBP Client Positioning

Number of traders net-short has decreased by 46.46% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/GBP

BEARISH

76.36%

23.64%

13.08%
Daily

82.42%
Weekly

-17.63%
Daily

-46.46%
Weekly

3.92%
Daily

16.26%
Weekly

EUR/GBP: Retail trader data shows 76.36% of traders are net-long with the ratio of traders long to short at 3.23 to 1. Our data shows traders are now at their most net-long EUR/GBP since Jul 13 when EUR/GBP traded near 0.85. The number of traders net-long is 13.08% higher than yesterday and 82.42% higher from last week, while the number of traders net-short is 17.63% lower than yesterday and 46.46% lower from last week.

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

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.

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