[B]EUR/USD ratio: -1.43
Trading Forecast: Bullish[/B]
[B]EURUSD[/B] – Our forex trading signals aggressively bought into Euro rallies, but the more recent pullback has led our strategies to take profits on previous long positions. The ratio of long to short positions in the EURUSD stands at -1.47 as nearly 59% of traders are short. Yesterday, the ratio was at -1.22 as 55% of open positions were short. In detail, long positions are 11.8% lower than yesterday and 2.2% weaker since last week. Short positions are 5.9% higher than yesterday and 3.3% stronger since last week. Open interest is 2.1% weaker than yesterday and 1.6% below its monthly average. The SSI is a contrarian indicator and signals further EURUSD gains.