EUR futures: upside momentum seems exhausted
|In light of flash data from CME Group, investors added nearly 4.5K contracts to their open interest positions on Tuesday from Monday’s final 537,986 contracts. On the other hand, volume shrunk for the fourth session in a row, this time by almost 17K contracts.
EUR/USD stays capped by 1.1360
The rally in EUR/USD appears to have met a strong resistance in the 1.1360 region, where is located the key 55-day SMA. The persistent loss of traction in volume warns against the sustainability of extra gains.
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