EUR futures: deeper retracement expected

Pablo Piovano FXStreet

In light of preliminary data for EUR futures markets from CME Group, investors trimmed their open interest positions by almost 2.5K contracts on Friday from Thursday’s final 513,080 contracts. Volume, instead, increased by nearly 34.2K contracts.

EUR/USD a visit to 1.1500 remains on the cards

EUR/USD remains on the defensive for the time being and continues to target the 1.1500 neighbourhood (and below?) in the near term following a slight drop in open interest and a moderate build in volume on Friday, when closed in session lows.

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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