EUR futures: still negative near term
|In light of preliminary figures for EUR futures from CME Group, investors added around 4.5K contracts to their open interest positions on Friday from Thursday’s final 510,232 contracts. On the other hand, volume dropped by nearly 27.6K contracts.
EUR/USD now targets 1.1718
The selling mood around EUR/USD stays unabated for yet another week. Increasing open interest allows for further pullbacks, although the important decrease in volume seen in past sessions hints at the idea of some deceleration in the pair’s drop. The next important level should be 1.1718, December 2017 lows.
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