EUR futures: door open for extra pullbacks

Pablo Piovano FXStreet

According to preliminary figures from CME Group, open interest in EUR futures markets rose by nearly 3.8K contracts on Tuesday. Volume extended the choppy performance and increased by almost 68.8K contracts.

EUR/USD still targets the 1.1180 region

The negative price action on Tuesday in EUR/USD was on the back of rising open interest and volume, noting that new sellers are entering into the market. That said, a test of yearly lows in the 1.1180/70 band cannot be ruled out in the near term.

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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