Our data shows traders are now at their least net-long EUR/GBP since Sep 01 when EUR/GBP traded near 0.86.

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EUR/GBP Client Position

Number of traders net-short increased by 10.91% from last week.

SYMBOL BUSINESS BISAS NET-LENGTH% NET-SHORT% CHANGE IN LENGTHS CHANGE INTO SHORTS CHANGE IN OI
EUR/GBP EXCITING 28.70% 71.30%

-13.67% Every day

-15.00% Every week

3.98% Every day

10.91% Every week

-1.79% Every day

1.99% Every week

EUR/GBP: Retail trader data shows that 28.70% of traders are net long with the ratio of traders short to long at 2.48 to 1. Our data shows that traders are now at least net long EUR/GBP since September 01 when EUR/GBP traded near 0.86. The number of traders net-long is 13.67% lower than yesterday and 15.00% lower than last week, while the number of traders net-short is 3.98% higher than yesterday and 10.91% higher than last week.

We usually take a contrary view to crowd sentiment, and the fact that traders are net-short suggests that EUR/GBP prices will continue to rise.

Traders are more neatly short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger contrarian EUR/GBP bullish trading bias.



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