Rising Long Interest Threatens A Euro Breakdown

Written by John Kicklighter and Antonio Sousa, Currency Analysts

Retail sentiment has once again shifted; and this time, speculative traders are positioning for the EURUSD’s long-term trend to remain intact. Over the past week, the Speculative Sentiment Index ratio jumped to its highest reading since last October - though this shouldn’t be too surprising considering the retail sector’s affinity for prominent technical levels. Today, the pair’s ratio stands at -1.59 with nearly 61% of the market group holding a long position.

* EURUSD – Rising Long Interest Threatens A Euro Breakdown
* GBPUSD – Pound Positioning Jumps From Extreme To Parity As GBPUSD Finds 1.98
* USDJPY – Steady USDJPY Short Interest May Portend A Break Of 108.50
* USDCHF – USDCHF SSI Holds Net Negative After Marking A Major Channel Break
* USDCAD – Retail Sentiment In USDCAD Raises The Probability Of A Long-Awaited Break