EUR Futures: bearish view unchanged

Pablo Piovano FXStreet

In light of advanced figures for EUR futures markets from CME Group, open interest shrunk for the fourth session in a row on Thursday, this time by around 15.8K contracts. Volume, instead, increased by more than 98K contracts.

EUR/USD some consolidation is not ruled out

EUR/USD continues its march south unabated today. The persistent decline in open interest warns against a deeper retracement while activity in volume remains choppy. That said, while a test of 2019 lows at 1.1026 is not ruled out, the pair could face some near term consolidation ahead of further losses.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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