EUR futures: bears back in control

Pablo Piovano FXStreet

According to advanced figures for EUR futures markets from CME Group, investors added nearly 1.9K contracts to their open interest positions on Tuesday from Monday’s final 522,906 contracts. In the same line, volume rose for the first time after two consecutive sessions, this time by almost 36.5K contracts.

EUR/USD now looks to sub-1.1400 levels

EUR/USD continued its march lower on Tuesday sustained by rising open interest and volume, in turn fuelling the likelihood of a deeper retracement in the short-term horizon.

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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