Positioning · retail sentiment · read at 08:31 UTC on 12 November 2026
EUR/CAD retail sentiment: long vs short
As of 08:31 UTC on 12 November 2026, 53% of retail traders are long EUR/CAD and 47% short, a long/short ratio of 1.13. A week earlier, on 5 November, 62% were long, so the crowd is 9 points more short this week.
The long share over 120 days
Over the 120 days the terminal holds (since 11 July), the long share has run from 32% to 83%; today's reading is higher than on 56% of those days.
The COT view beside it
Speculators in euro futures are net short 78,559 contracts (CFTC, positions at 3 Nov), at the 0th percentile of their own range. Euro COT positioning
Speculators in Canadian dollar futures are net short 86,302 contracts (CFTC, positions at 3 Nov), at the 21st percentile of their own range. Canadian Dollar COT positioning
Retail shows the crowd at retail brokers; the CFTC report shows speculators in futures, weekly. The two often sit on opposite sides. This week's full report: the COT report.
Questions
Are retail traders long or short EUR/CAD?
As of 08:31 UTC on 12 November 2026, 53% of retail traders are long EUR/CAD and 47% short, a long/short ratio of 1.13. The crowd leans long, 53% on one side.
How has EUR/CAD retail sentiment changed this week?
A week earlier, on 5 November, 62% were long, so the crowd is 9 points more short this week.
Is EUR/CAD retail positioning extreme?
Over the 120 days the terminal holds (since 11 July), the long share has run from 32% to 83%; today's reading is higher than on 56% of those days. That is inside its recent range rather than at an edge of it.
What does the COT report say about EUR/CAD?
Speculators in euro futures are net short 78,559 contracts (CFTC, positions at 3 Nov), at the 0th percentile of their own range. Speculators in Canadian dollar futures are net short 86,302 contracts (CFTC, positions at 3 Nov), at the 21st percentile of their own range.
How do traders read retail sentiment?
Many traders read it as a contrarian gauge: a crowd leaning heavily one way has often been on the wrong side of the move that follows, and is the side forced out when price runs against it. It is a description of positioning, not a signal. In WatchTower Terminal's composite score retail positioning is read that way, at a weight of 10%, alongside CFTC positioning, rates and research.
More on EUR/CAD: EUR/CAD analysis · EUR/CAD rate differential · EUR/CAD seasonality · Euro outlook · Euro COT positioning · ECB rate expectations · Eurozone economic surprises · Canadian Dollar outlook · Canadian Dollar COT positioning · BoC rate expectations · Canadian economic surprises
Other pairs: AUD/CAD 46% long · CAD/CHF 80% long · CAD/JPY 59% long · EUR/AUD 52% long · EUR/CHF 74% long · EUR/GBP 75% long · EUR/JPY 49% long · EUR/NZD 38% long · EUR/USD 64% long · GBP/CAD 33% long · all 30
Aggregated retail broker positioning, read every 20 minutes in the terminal; this page is rebuilt through the day. Not financial advice.