EUR futures: further downside not sustained
|In light of preliminary figures for EUR futures markets from CME Group, open interest receded by more than 3.5K contracts on Tuesday vs. Monday’s final 481,503 contracts. In the same direction, volume decreased by almost 4.5K contracts.
EUR/USD neutral, potential top in place
Yesterday’s down move in spot has been accompanied by shrinking open interest and volume, hinting at the likeliness of a U-turn in prices and thus leaving the near term neutral bias unaltered. Further consolidation in the pair should leave the recent top near 1.1800 the figure as an interim top.
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.