EUR Futures: squeeze higher in the pipeline?
|Open interest in EUR futures markets shrunk by around 3.5K contracts on Friday, while volume decreased by more than 24k contracts, according to flash data from CME Group.
EUR/USD well supported near 1.1200
Friday’s sell off in EUR/USD was in tandem with declining open interest and volume, allowing for a potential U-turn in the short-term horizon. In the meantime, the 1.1200 neighbourhood continues to hold the downside ahead of the 1.1180 area.
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