Present Dealer Information
Retail information reveals 49.76% of merchants are presently net-long on EUR/CHF, with a detailed brief to lengthy ratio of 1.01 to 1. Merchants have persistently held a net-short place since April 11, 2024, when EUR/CHF was priced close to 0.98. Since then, the worth has seen a rise of 0.26%.
The share of merchants net-long has dropped by 10.82% since yesterday and 21.37% from final week. In distinction, these net-short have elevated by 10.05% since yesterday and 2.46% from final week.
Market Outlook
Our contrarian view to crowd sentiment is underscored by the continued net-short positioning, suggesting that EUR/CHF costs would possibly proceed to rise. Since April 11, 2024, that is the primary occasion of a net-short majority.
The rise in net-short positions each from yesterday and final week, mixed with present market sentiment, reinforces our bullish contrarian stance on EUR/CHF.
The publish EUR/CHF Trading Sentiment Update appeared first on Dumb Little Man.
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