Euro Bias Mixed Heading into October, Q4’17

| 29 september, 2017 | 0 kommentarer

Euro Bias Mixed Heading into October, Q4'17

Why and how do we use IG Client Sentiment in trading? See a guide and real-time data.

EURUSD: Retail merchant information shows 37.3% of traders are net-long with a ratio of traders brief to prolonged during 1.68 to 1. In fact, traders have remained net-short given Apr 18 when EURUSD traded nearby 1.07831; cost has changed 9.6% aloft given then. The series of traders net-long is 15.4% reduce than yesterday and 16.4% aloft from final week, while a series of traders net-short is 0.4% aloft than yesterday and 10.5% reduce from final week.

We typically take a contrarian perspective to throng sentiment, and a fact traders are net-short suggests EURUSD prices might continue to rise. Positioning is some-more net-short than yesterday though reduction net-short from final week. The multiple of stream view and new changes gives us a serve churned EURUSD trade bias.

— Written by Christopher Vecchio, CFA, Senior Currency Strategist

To hit Christopher Vecchio, e-mail [email protected]

Follow him on Twitter during @CVecchioFX

To be combined to Christopher’s e-mail placement list, please fill out this form

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Kommentera

E-postadressen publiceras inte. Obligatoriska fält är märkta *