EUR Futures: further downside on the cards
|In light of advanced data for EUR futures markets, investors added just 530 contracts to their open interest positions on Wednesday, reversing two drops in a row, according to CME Group. Volume, instead, shrunk by nearly 24K contracts.
EUR/USD still risks a visit to 2019 lows
EUR/USD navigates the lower end of the range below the 1.1100 handle. Rising open interest allows for the continuation of the leg lower in the near term to, initially, the 1.1020/30 band, where emerges the 2019 low.
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.