Our data shows traders are now net-short EUR/GBP for the first time since Jul 01, 2022 when EUR/GBP traded near 0.86.

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Number of traders net-short has elevated by 33.73% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/GBP

BULLISH

48.57%

51.43%

-9.80%
Daily

-33.61%
Weekly

10.00%
Daily

33.73%
Weekly

-0.60%
Daily

-10.41%
Weekly

EUR/GBP: Retail dealer data shows 48.57% of traders are net-long with the ratio of traders brief to lengthy at 1.06 to 1. In reality, traders have remained net-short since Jul 01 when EUR/GBP traded near 0.86, value has moved 1.65% decrease since then. The variety of traders net-long is 9.80% decrease than yesterday and 33.61% decrease from final week, whereas the variety of traders net-short is 10.00% larger than yesterday and 33.73% larger from final week.

We sometimes take a contrarian view to crowd sentiment, and the reality traders are net-short suggests EUR/GBP costs might proceed to rise.

Our data shows traders are now net-short EUR/GBP for the first time since Jul 01, 2022 when EUR/GBP traded near 0.86. Traders are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger EUR/GBP-bullish contrarian buying and selling bias.





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