In light of advanced data for EUR futures markets from CME Group, investors added around 19.6K contracts to their open interest positions on Wednesday, reaching the fifth consecutive build. In addition, volume rose for the second day in a row, this time by around 32.8K contracts.
EUR/USD looks to a probable test of 2019 lows
EUR/USD’s negative price action on Wednesday was accompanied by rising open interest and volume, hinting at the likelihood that further decline lies ahead. A dovish surprised at the ECB event today carries the potential to drag spot to another test of 2019 lows in the 1.0920 area.
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.