[B]EUR/USD[/B][B] Ratio: -1.00
[/B][B]Signal: Bullish[/B]
[B]Currency[/B] [B]Last Week[/B] [B]Present*[/B] [B]% Long[/B] [B]% Change in Positions Outstanding[/B] [B]Signal[/B] EUR/USD -1.59 [B]-1.00[/B] 50% 6.13% Bullish
[B]EURUSD - [/B]The ratio of long to short positions in the EURUSD stands at exact parity as longs and shorts are evenly split at 50 percent per side. Such even sentiment underlines current market indecision and generally choppy price action. Our Speculative Sentiment Index tends to do poorly in these types of markets, but it is worthwhile to note that long positions are 4.2% higher than yesterday and 49.7% stronger since last week. The impressive weekly surge in longs suggests that there may be further downside momentum for the EURUSD pair. Yet we will wait for clearer signal and more extreme positioning before establishing a clear directional bias.