Current Trader Data
Source: DailyFX
Retail data reveals 49.76% of traders are currently net-long on EUR/CHF, with a close short to long ratio of 1.01 to 1. Traders have consistently held a net-short position since April 11, 2024, when EUR/CHF was priced near 0.98. Since then, the price has seen an increase of 0.26%.
The percentage of traders net-long has dropped by 10.82% since yesterday and 21.37% from last week. In contrast, those net-short have increased by 10.05% since yesterday and 2.46% from last week.
Market Outlook
Our contrarian view to crowd sentiment is underscored by the ongoing net-short positioning, suggesting that EUR/CHF prices might continue to rise. Since April 11, 2024, this is the first instance of a net-short majority.
The increase in net-short positions both from yesterday and last week, combined with current market sentiment, reinforces our bullish contrarian stance on EUR/CHF.
