EUR futures: scope for extra downside
|In light of preliminary figures for EUR futures markets from CME Group, investors trimmed their open interest positions by around 1.7K contracts on Friday from Thursday’s final 632,127 contracts. In the same direction, volume collapsed by almost 498K contracts (the largest drop so far this year).
EUR/USD refocused on 1.1510
EUR/USD's small up tick on Friday has been on the back of a small increase in open interest and a massive drop in volume, leaving the door open for further retracements with the initial target at 2018 lows in the boundaries of the 1.1500 handle.
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.