EUR futures: downside momentum loses steam
|In light of CME Group’s flash data for EUR futures markets, open interest dropped for the second session in a row, this time by nearly 2.5K contracts on Tuesday from Monday’s final 523,432 contracts. On the flip side, volume rose once again, up by around 40.6K contracts.
EUR/USD decline appears limited
The recent rebound in EUR/USD from YTD lows near 1.1215 was in tandem with shrinking open interest and volume, hinting at the likeliness of some consolidation in the offing while further retracement appear contained in the 1.1200 neighbourhood for the time being.
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