EURUSD - The ratio of long to short positions in the EURUSD stands at -2.13 as nearly 68% of traders are short. Yesterday, the ratio was at -2.45 as 71% of open positions were short. In detail, long positions are 13.1% higher than yesterday and 33.0% stronger since last week. Short positions are 1.6% lower than yesterday and 22.1% stronger since last week. Open interest is 2.7% stronger than yesterday and 13.8% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

<< Longs are getting emboldened short term and building pos'n here. Shorts are throwing in the towel intraday but are still trying to call the top with 22% stronger since last week. This tells me that bias Long but less momentum is showing up waning action with possible correction lower looming.>>

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.05 as nearly 51% of traders are long. Yesterday, the ratio was at -1.36 as 58% of open positions were short. In detail, long positions are 29.2% higher than yesterday and 0.9% stronger since last week. Short positions are 9.3% lower than yesterday and 23.3% weaker since last week. Open interest is 7.0% stronger than yesterday and 17.2% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.

<< Longs have nothing to worry about according to SSI 29% higher short term and not.9 longer out statistically insignificant. Shorts have no conviction 9% lower and 23 % weaker. From a contrarians view Get short Cable!!
Of course the call the news , etc whatever major technical damage occured into NY close yesterday and has continued today. Hard to try and sell here, looking to sell bounces>>

Euchre

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