If EUR/USD breaks bellow the 1. red line then our 1. Target is 2. red line which is also good support.
Retail trader data shows 49.9% of traders are net-long with the ratio of traders short to long at 1.0 to 1. The number of traders net-long is 0.1% lower than yesterday and 32.5% lower from last week, while the number of traders net-short is 24.9% lower than yesterday and 12.5% higher from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURUSD prices may continue to rise. Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.
Retail trader data shows 49.9% of traders are net-long with the ratio of traders short to long at 1.0 to 1. The number of traders net-long is 0.1% lower than yesterday and 32.5% lower from last week, while the number of traders net-short is 24.9% lower than yesterday and 12.5% higher from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURUSD prices may continue to rise. Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.
Order cancelled
Trade did not break bellow red line so i will look for break above green line because of impulsive move up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.