EUR futures: extra downside likely near term
|CME Group’s advanced figures for EUR futures markets showed investors trimmed their open interest positions by more than 1.1K contracts on Tuesday vs. Friday’s final 578,630 contracts. Volume, instead, rose significantly by more than 93K contracts, recording the second consecutive build at the same time.
EUR/USD: scope for a test of 1.2200 and beyond
The ongoing leg lower in EUR/USD is accompanied by a pick up in volume so far this week - clear bearish sign - while activity in open interest remains somewhat steady. That said, the door is now open for a potential test of last week’s lows in the 1.2200 neighbourhood ahead of the more relevant support in the 1.2160 region.
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.