EUR futures: rising odds for extra decline
|Open interest in EUR futures markets dropped by around 3.1K contracts on Tuesday from Monday’s final 523,272 contracts, recording the fourth consecutive pullback according to preliminary figures from CME Group. On the flip side, volume rose significantly by nearly 89K contracts following three drops in a row.
EUR/USD attention is now back to 1.1300
EUR/USD has come under renewed downside pressure as of late amidst rising volume and a persistent drop in open interest. That said, while some consolidation is not ruled out in the very near term, a probable re-test of the 1.1300 area has now emerged on the horizon.
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.