EUR futures: bearishness poised to continue

Pablo Piovano FXStreet

CME Group’s preliminary data for EUR futures markets saw open interest increasing by more than 6.4K contracts on Tuesday vs. Monday’s final 492,827 contracts. In the same line, volume rose by nearly 33.5K contracts.

EUR/USD refocused on 1.1660?

The bearish note around EUR/USD is poised to intensify at least in the near term, as the down move has been in tandem with increasing open interest and volume. Hence, the area around 1.1660 (‘neckline’) could emerge in the horizon in case the downside gathers traction.

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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