According to advanced figures for EUR futures markets from CME Group, open interest rose by more than 24K contracts on Wednesday, the largest single day build so far this year. In the same direction, volume posted the biggest up move since March 7, increasing by around 265.4K contracts.
EUR/USD scope for extra losses
EUR/USD charted a bearish ‘outside day’ yesterday amidst rising volume and open interest, all indicative that a potential move further south is in the pipeline in the near term.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.