EUR futures: some consolidation likely near term
|In light of flash data for EUR futures markets from CME Group, investors scaled back their open interest positions for the second day in a row, this time by nearly 1K contracts. Volume, instead, reverted three consecutive drops and increased by around 49.6K contracts.
EUR/USD room for a visit to 1.1300 and below
Tuesday’s decline in EUR/USD was on the back of another draw in open interest, although the significant build in volume could allow for a deeper retracement to, initially, the 1.1300 neighbourhood, all within a broad consolidative theme.
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