EUR futures: potential for extra downside
|CME Group’s preliminary figures for EUR futures markets noted open interest rose for the first time after four consecutive drops by nearly 7.7K contracts on Thursday. Volume, instead, shrunk by around 38.5K contracts after three builds in a row.
EUR/USD looks to YTD lows near 1.1100
EUR/USD has accelerated the down move to the area of multi-day lows near 1.1170 on Thursday amidst rising open interest, which should favor extra retracements. The uptick in volume, however, could remove some tailwinds from this view in the near term.
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