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    United States 2020-04-18 07:21:03
    Technical index EURO TRADER SENTIMENT – EUR/USD PRICE CHART

    A summary of IG Client Sentiment shows traders are net-short EUR/USD - the ratio stands at -1.12 (47.18% of traders are long) – neutral reading
    Long positions are6.10% higher than yesterday and 12.29% lower from last week
    Short positions are 6.11% higher than yesterday and 34.08% 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. Traders are further net-short than yesterday and last week, and the combination of current positioning and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias from a sentiment standpoint.

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