CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

EUR/USD: Euro the underperformer last week, CoT short bias rises

US to raise tariffs on European aircraft imports, technical overview remains heavily tested.

EUR/USD Technical analysis, overview, strategies, and levels

After suffering nine red sessions out of the past ten, the euro was the worst performer amongst the FX majors and taking EUR/USD’s price past a short-term support level on the weekly. A negative DMI (Directional Movement Index) cross occurred on the weekly, and on the daily all its main technical indicators are flashing red and combined with a trending ADX (Average Directional Index). Eurozone data didn’t impress with German preliminary GDP (Gross Domestic Product) figures failing to show any growth, and where on the trade front the US is set to raise tariffs on European aircraft imports from 10% to 15%.

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IG client* and CoT sentiment for EUR/USD

In sentiment, retail bias is now in extreme long levels rising 11% on last week’s 69% buy bias, while the latest CoT (Commitment of Traders) report shows the bias amongst larger speculative traders at a majority short 60% rising a notch on an increase in short positions by 13,139 lots outdoing a smaller increase in euro long positions by 2,550 lots.

EUR/USD Chart with retail and institutional sentiment

*The percentage of IG client accounts with positions in this market that are currently long or short. Calculated to the nearest 1%, as of today morning 8am.

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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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