EUR / USD: Our data show that 28.69% of individual traders are buyers with a buy-to-sell positioning ratio 2.49 to 1. Our data show that traders are buying less since May 21 when EUR / USD it trades near 1.10. The number of buying traders decreased 25.27% since yesterday, and 20.22% decreased since last week, while the number of selling traders increased 11.65% since yesterday and 16.39% increased since last week .
We use Sentiment as a contrarian indicator, and the fact that traders are predominantly selling suggests that the EUR / USD price may continue to rise.
Traders are more selling than yesterday and last week. Thus, the combination of the current Sentiment and recent developments allows us to detect a EUR / USD-bullish contrarian signal.