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EUR/GBP Sentiment: Traders Least Net-Long Since November

Written by

Ezekiel Chew

Updated on

August 7, 2024

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EUR/GBP Sentiment: Traders Least Net-Long Since November

Written by:

Ezekiel Chew

Last updated on:

August 7, 2024

Retail trader data indicates that 34.41% of traders are net-long EUR/GBP, with the ratio of traders short to long at 1.91 to 1. This marks the least net-long position since November 11, when EUR/GBP traded near 0.87. The number of traders net-long is 13.27% lower than yesterday and 59.33% lower than last week, while the number of traders net-short has increased by 16.97% from yesterday and 84.09% from last week.

EUR/GBP Client Positioning as of August 7th, 2024 (Source: DailyFX)

Implications of Net-Short Trader Sentiment

Analysts often adopt a contrarian perspective on crowd sentiment, and the fact that traders are net-short implies that EUR/GBP prices may continue to rise.

Traders are more net-short compared to both yesterday and last week. This combination of current sentiment and recent changes enhances a EUR/GBP-bullish contrarian trading bias.

ezekiel chew asiaforexmentor

About Ezekiel Chew​

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

GET THE PROPRIETARY ONE CORE PROGRAM

(The same system I use to make 6 figures a trade with)

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EUR/GBP Sentiment: Traders Least Net-Long Since November

★ ★ ★ ★ ★ 4.0
Overall Trust Index

Written by:

Updated:


Ezekiel Chew

August 7, 2024
Retail trader data indicates that 34.41% of traders are net-long EUR/GBP, with the ratio of traders short to long at 1.91 to 1. This marks the least net-long position since November 11, when EUR/GBP traded near 0.87. The number of traders net-long is 13.27% lower than yesterday and 59.33% lower than last week, while the number of traders net-short has increased by 16.97% from yesterday and 84.09% from last week.
EUR/GBP Client Positioning as of August 7th, 2024 (Source: DailyFX)

Implications of Net-Short Trader Sentiment

Analysts often adopt a contrarian perspective on crowd sentiment, and the fact that traders are net-short implies that EUR/GBP prices may continue to rise. Traders are more net-short compared to both yesterday and last week. This combination of current sentiment and recent changes enhances a EUR/GBP-bullish contrarian trading bias.
ezekiel chew asiaforexmentor

About Ezekiel Chew

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

GET THE PROPRIETARY
ONE CORE PROGRAM

(The same system I use to make 6 figures a trade with)

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May 8, 2026

How to Read Forex Charts Before You Lose Another Trade

Read More

May 7, 2026

The Truth About Margin in Forex Most Traders Miss

Read More

May 6, 2026

What Is Forex Trading and How the Forex Market Actually Works

Read More

May 5, 2026

What Is a Pip in Forex and Why It Matters

Read More

February 2, 2026

Forex Trade Update After a 950% Crazy Growth Month

Read More

February 2, 2026

Understanding Monad in Crypto: A New Chapter of Blockchain Innovation

Read More

EUR/GBP Sentiment: Traders Least Net-Long Since November

★ ★ ★ ★ ★ 4.0
Overall Trust Index

Written by:

Updated:


Ezekiel Chew

August 7, 2024
Retail trader data indicates that 34.41% of traders are net-long EUR/GBP, with the ratio of traders short to long at 1.91 to 1. This marks the least net-long position since November 11, when EUR/GBP traded near 0.87. The number of traders net-long is 13.27% lower than yesterday and 59.33% lower than last week, while the number of traders net-short has increased by 16.97% from yesterday and 84.09% from last week.
EUR/GBP Client Positioning as of August 7th, 2024 (Source: DailyFX)

Implications of Net-Short Trader Sentiment

Analysts often adopt a contrarian perspective on crowd sentiment, and the fact that traders are net-short implies that EUR/GBP prices may continue to rise. Traders are more net-short compared to both yesterday and last week. This combination of current sentiment and recent changes enhances a EUR/GBP-bullish contrarian trading bias.
ezekiel chew asiaforexmentor

About Ezekiel Chew

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

GET THE PROPRIETARY
ONE CORE PROGRAM

(The same system I use to make 6 figures a trade with)

RELATED ARTICLES

May 8, 2026

How to Read Forex Charts Before You Lose Another Trade

Read More

May 7, 2026

The Truth About Margin in Forex Most Traders Miss

Read More

May 6, 2026

What Is Forex Trading and How the Forex Market Actually Works

Read More

May 5, 2026

What Is a Pip in Forex and Why It Matters

Read More

February 2, 2026

Forex Trade Update After a 950% Crazy Growth Month

Read More

February 2, 2026

Understanding Monad in Crypto: A New Chapter of Blockchain Innovation

Read More

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