EUR futures: door open for extra downside

CME Group’s preliminary figures for EUR futures markets showed investors added more than 5K contracts to their open interest positions on Thursday from Wednesday’s final 505,638 contracts. In the same line, volume increased by around 19.5K contracts.

EUR/USD eyes 1.1370/10

The sell off in EUR/USD has intensified so far this week, breaking below the critical support at 1.1500 the figure and testing fresh lows in the 1.1430 region. Rising open interest and volume coupled with declining prices is a bearish sign that opens the door for further pullbacks with immediate target in the 1.11370/10 band, where lie June’s lows.

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.