EUR/USD gaining long sentiment below 1.0700 - IG

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Forex sentiment update

Short US dollar sentiment is building among most of the major forex pairs, especially in EUR/USD, USD/JPY, and AUD/USD - 66% long, 69% short, and 79% long, respectively. USD appreciated against all major currency partners in May, including a 18-of-20-day run against EUR whereby EUR/USD lost 400 pips and closed lower 90% of the days in said time frame

Check out more Client Sentiment with an IG demo account

USD also appreciated against GBP and CAD in the last week, though it was not as large a move as seen in the pairs mentioned above; thus sentiment is not as extreme in GBP/USD or USD/CAD - 56% long and 58% short, respectively.

EUR/USD historical prices

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