EUR futures: door open for extra downside
|According to advanced figures for EUR futures markets from CME Group, open interest rose by around 4.7K contracts on Monday from Friday’s final 516,520 contracts. Volume, instead, dropped sharply by almost 48K contracts partially offsetting the previous build.
EUR/USD poised to re-test 1.1500 (and below?)
Monday’s advance in EUR/USD was in tandem with increasing volume although it did not find any echo in volume, which decreased significantly. That, coupled with the inability to sustain a breakout of 1.1600 the figure, opens the door for a potential test of the critical support at the 1.1500 neighbourhood.
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.