EUR/USD and EUR/GBP Latest Retail Sentiment Analysis

  • Jun 20, 2024
EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Jun 13, 2024 when EUR/USD traded near 1.07.

Number of traders net-short has increased by 34.45% from last week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI
EUR/USD BULLISH 49.62% 50.38%

-10.03% Daily

-25.02% Weekly

26.47% Daily

34.45% Weekly

5.28% Daily

-3.52% Weekly

EUR/USD Bearish
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -1% -4% -3%
Weekly 4% -10% -5%
What could changes and extremes in retail trading signal for the market?
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EUR/USD : Retail trader data shows 49.62% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Jun 13 when EUR / USD traded near 1.07, price has moved 0.15% higher since then. The number of traders net-long is 10.03% lower than yesterday and 25.02% lower from last week, while the number of traders net-short is 26.47% higher than yesterday and 34.45% higher from last week.

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

Our data shows traders are now net-short EUR/USD for the first time since Jun 13, 2024 when EUR/USD traded near 1.07. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias.

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