EUR futures: neutral/bearish near term
|In light of advanced figures for EUR futures markets, investors scaled back their open interest positions by almost 1K contracts on Thursday from Wednesday’s final 497,405 contracts. In the same direction, volume decreased by nearly 22K contracts.
EUR/USD gains limited around 1.2400
The choppy activity around EUR/USD so far this week is poised to continue for the time being, with the upside clearly capped by the 1.2400 neighbourhood and decent contention emerging in the 1.2165/55 band. Both open interest and volume shrunk yesterday, although by irrelevant levels, supporting the consolidative view.
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.