EUR futures: scope for some consolidation
|In light of preliminary data for EUR futures markets from CME Group, investors added around 2.1K contracts to their open interest positions on Wednesday from Tuesday’s final 523,868 contracts. It was the second build in a row. Volume, instead, shrunk by more than 10.6K contracts, partially reverting the previous build.
EUR/USD neutral/bearish near term
EUR/USD is extending the weekly leg lower to the mid-1.1300s amidst a small build in open interest. That said, there is still room for the continuation of the down move, although the down tick in volume could slow down the pace of the pullback.
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