[B]EUR/USD[/B][B] Ratio: -1.79
[/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 -1.05 [B]-1.79[/B] 36% 6.49% Bullish
[B]EURUSD – [/B]Retail positioning has maintained its net short bias for yet another week, suggesting the 1.50 level is still within the market’s sights. The ratio of long to shorts for EURUSD dropped to -1.79, with 64% of traders short, from a far more balanced -1.05 reading from last week. Belief in the pair’s latest upswing has trailed off on both sides of the market as long positions are 18.3% weaker than yesterday and 17.4% lower than a week ago, while short positions have grown 18.8% from Wednesday and 27.0% from a week ago. Open interest grew 2.2% from yesterday and is 15.5% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.