EUR futures: recovery seen picking up pace
|In light of preliminary figures for EUR futures markets from CME Group, investors trimmed their open interest positions by around 1.2K contracts on Friday from Thursday’s final 562,295 contracts. In the same line, volume recorded the larges drop so far this year, down by 332.3K contracts.
EUR/USD still scope for a test of 1.1745/50
EUR/USD is recovering part of the ground lost at the end of last week. The recent sharp drop in volume along with lower volume opens the door for a continuation of the recovery and a potential test of the key hurdle at the 1.1745/50 band.
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.