EUR futures: correction lower expected to continue

In light of preliminary figures for EUR future markets from CME Group, open interest rose significantly by around 26.5K contracts on Tuesday from Monday’s final 575,595 contracts. In the same line, volume rose sharply by around 172K contracts, the largest daily increase since May 29.

EUR/USD door open for extra downside

EUR/USD keeps the choppy trade so far this week against the backdrop of rising open interest and volume, allowing for further downside in the near term. The next big risk event in EUR will be tomorrow’s ECB meeting.

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 securities. 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 Forex 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.