EUR futures: downside momentum persists
|In light of CME Group’s advanced figures for EUR futures markets, open interest decreased for the third consecutive day, now by a meagre 665 contracts vs. Monday’s final 461,892 contracts. Volume, instead, rose by more than 42K contracts.
EUR/USD risks further pullbacks
The continuation of the downtrend in open interest amidst softer price action implies that there should be room for further decline in the near term.
EUR/USD's pullback on Tuesday was accompanied by an increase in volume, reinforcing the idea that more investors might be willing to liquidate their positions.
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.