Our data shows traders are now net-short EUR/CHF for the first time since Dec 02, 2019 when EUR/CHF traded near 1.10.


EUR/CHF Client Positioning

Number of traders net-short has increased by 13.04% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/CHF

BULLISH

49.51%

50.49%

-11.56%
Daily

-35.17%
Weekly

50.00%
Daily

13.04%
Weekly

11.55%
Daily

-17.38%
Weekly

EUR/CHF: Retail trader data shows 49.51% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Dec 02 when EUR/CHF traded near 1.10, price has moved 2.10% lower since then. The number of traders net-long is 11.56% lower than yesterday and 35.17% lower from last week, while the number of traders net-short is 50.00% higher than yesterday and 13.04% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/CHF prices may continue to rise.

Our data shows traders are now net-short EUR/CHF for the first time since Dec 02, 2019 when EUR/CHF traded near 1.10. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bullish contrarian trading bias.



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