EUR/USD weekly outlook
Bullish positions are favored unless the price drops back below $1.1754 support.
Sentiment: Retail trader data shows 64.34% of traders are net-long with the ratio of traders long to short at 1.80 to 1. Our data shows traders are now at their most net-long EUR/USD since Jul 22 when EUR/USD traded near 1.18. The number of traders net-long is 12.97% higher than 6th August and 25.60% higher from 26th-30th July, while the number of traders net-short is 21.73% lower than 6th August and 23.72% lower from 26th-30th July.
https://www.dailyfx.com/forex/technical/sentiment/2021/08/06/EURUSD-IG-Client-Sentiment-1723.html
The numbers of Net Short have decreased by 23.73% from the 26th-30th range.
Sentiment: Retail trader data shows 64.34% of traders are net-long with the ratio of traders long to short at 1.80 to 1. Our data shows traders are now at their most net-long EUR/USD since Jul 22 when EUR/USD traded near 1.18. The number of traders net-long is 12.97% higher than 6th August and 25.60% higher from 26th-30th July, while the number of traders net-short is 21.73% lower than 6th August and 23.72% lower from 26th-30th July.
https://www.dailyfx.com/forex/technical/sentiment/2021/08/06/EURUSD-IG-Client-Sentiment-1723.html
The numbers of Net Short have decreased by 23.73% from the 26th-30th range.
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