EUR Futures: door open for extra losses
|Open interest in futures markets rose significantly by around 13K contracts on Tuesday, reversing two consecutive declines, according to advanced figures from CME Group. Volume, in the same line, partially reversed the previous’ day drop and gained nearly 116.7K contracts.
EUR/USD now targets the 1.1100 region
The weekly decline in EUR/USD picked up extra pace on Tuesday and could face a deeper retracement amidst rising open interest and volume. That said, a test of 2019 lows in the 1.1100 neighbourhood has emerged on the horizon.
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.