{"id":8323,"date":"2024-08-02T04:54:23","date_gmt":"2024-08-02T08:54:23","guid":{"rendered":"https:\/\/parmaks.com\/Resources\/eur-usd-traders-turn-net-long-implications-for-the-pair\/"},"modified":"2024-08-02T04:54:23","modified_gmt":"2024-08-02T08:54:23","slug":"eur-usd-traders-turn-net-long-implications-for-the-pair","status":"publish","type":"post","link":"https:\/\/parmaks.com\/Resources\/eur-usd-traders-turn-net-long-implications-for-the-pair\/","title":{"rendered":"EUR\/USD Traders Turn Net-Long: Implications for the Pair"},"content":{"rendered":"

\"Profit<\/a>
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EUR\/USD Client Positioning 08-01-24 (Source: DailyFX)<\/figcaption><\/figure>\n

Retail Trader Sentiment Shifts<\/h2>\n

EUR\/USD<\/strong>: Current retail trader data indicates that 50.71% of traders are net-long<\/strong>, with a long-to-short ratio of 1.03 to 1<\/strong>. Notably, traders have been net-long since July 03<\/strong>, when EUR\/USD<\/strong> was trading near 1.08<\/strong>. Since then, the price has dipped 0.02%<\/strong>. The number of traders net-long has increased by 7.80%<\/strong> from yesterday and 6.61%<\/strong> from last week, while those net-short have decreased by 15.54%<\/strong> from yesterday and 21.63%<\/strong> from last week.<\/p>\n

Contrarian Perspective Suggests Potential Downtrend<\/h2>\n

Analysts often adopt a contrarian stance to crowd sentiment, meaning that the net-long position of traders indicates EUR\/USD<\/strong> prices may continue to decline.<\/p>\n

DailyFX<\/strong> and IG<\/strong>‘s data reveal that traders are net-long EUR\/USD<\/strong> for the first time since July 03, 2024<\/strong>, when the pair traded near 1.08<\/strong>. The net-long position has grown compared to both yesterday and last week. This shift in sentiment, coupled with recent changes, reinforces a stronger EUR\/USD-bearish contrarian trading bias<\/strong>.<\/p>\n

The post EUR\/USD Traders Turn Net-Long: Implications for the Pair<\/a> appeared first on Dumb Little Man<\/a>.<\/p>\n

\"Profit<\/a>
<\/p>\n","protected":false},"excerpt":{"rendered":"

EUR\/USD Client Positioning 08-01-24 (Source: DailyFX) Retail Trader Sentiment Shifts EUR\/USD: Current retail trader data indicates that 50.71% of traders are net-long, with a long-to-short […]<\/p>\n","protected":false},"author":1,"featured_media":8324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-8323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-happiness"],"_links":{"self":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts\/8323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/comments?post=8323"}],"version-history":[{"count":0,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts\/8323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/media\/8324"}],"wp:attachment":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/media?parent=8323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/categories?post=8323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/tags?post=8323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}