German energy giant Uniper posted a staggering EUR12 billion loss for H1 2022 on Wednesday as the energy crisis in Europe’s largest member state continues. Get your market update from nickcawley1 here:
remains in a multi-month downtrend and with little in the way of either fundamental or technical support, the pair look set to test parity once more. A small support zone between 1.0100 and 1.0120 may slow the move lower, but a further re-test of 1.000 and the July 14 low at 0.99523 looks increasingly likely.62.10% of traders are net-long with the ratio of traders long to short at 1.64 to 1.
The number of traders net-long is 3.75% lower than yesterday and 25.12% higher from last week, while the number of traders net-short is 3.29% higher than yesterday and 16.02% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/USD prices may continue to fall.The combination of current sentiment and recent changes gives us a further mixed EUR/USD trading bias.
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