EUR futures: door open for extra weakness
|In light of CME Group’s preliminary figures for EUR futures markets, investors added around 1.4K contracts to their open interest positions on Wednesday vs. Tuesday’s final 472,878 contracts. In the same line, volume rose by nearly 39.4K contracts, its second consecutive build.
EUR/USD now looks to 1.1450
Yesterday’s moderate pullback in EUR/USD was accompanied by rising volume and an up tick in open interest, adding to the view that the bearish sentiment is picking up pace. That said, spot could now attempt a visit to the mid-1.1400s ahead of October’s low at 1.1430.
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