EUR Futures: room for further retracement
|In light of preliminary figures from CME Group, investors trimmed their open interest positions by just 413 contracts on Wednesday while volume shrunk by around 60.1K contracts, extending the choppy performance seen as of late.
EUR/USD comes under pressure near the 200-day SMA
EUR/USD appears on the defensive following the indecisive price action on Wednesday and the bearish ‘outside day’ charted the earlier in the week. Declining open interest and volume amidst unclear direction in prices leaves the door open for some near term consolidation although odds for a deeper correction remains well on the cards.
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.