EUR Futures: Door open for extra losses

Pablo Piovano FXStreet

Following preliminary readings from CME Group, open interest rose by around 9.8K contracts on Thursday and volume increased by nearly 56K contracts.

EUR/USD now looks to 1.0980

EUR/USD charted a bearish ‘outside day’ on Thursday amidst rising open interest and volume. That said, further downside is now on the cards and targets the late November low in the 1.0980 region.

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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