EUR Futures: dips look somewhat limited
|In light of flash data for EUR futures markets from CME Group, investors trimmed their open interest positions by just 804 contracts at the beginning of the week, reaching the second drop in a row. In the same line, volume shrunk once again, this time by around 71.8K contracts.
EUR/USD likely to meet contention in the 1.1180 region
EUR/USD is challenging 6-week lows in the 1.1190 region today. However, declining open interest and volume coupled with negative price action carries the potential to spark a squeeze higher in the near term, while the 1.1180 area is seen as providing strong support for the time being.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.