EUR futures: extra gains seen limited
|Open interest in EUR futures markets rose by just 881 contracts at the beginning of the week from Friday’s final 484,855 contracts, according to preliminary figures from CME Group. On the other hand, volume reversed three consecutive daily builds and dropped markedly by nearly 119K contracts.
EUR/USD further rangebound around 1.1300 on the cards
EUR/USD started the week on a positive note although further upside traction appears somewhat missing. The important drop in volume warns against a serious bullish attempt while marginal activity in open interest point to some consolidation ahead.
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.