Preliminary figures for EUR futures markets from CME Group noted open interest went up by nearly 25K contracts on Thursday, the largest single day build so far this year. In the same direction, volume increased by around 58.3K contracts, reversing part of the previous drop.
EUR/USD now looks to 1.10
The persistent selling bias in EUR/USD looks reinforced by rising open interest and volume for the time being. That said, a deeper move to the 1.10 neighbourhood looks increasingly likely in the short-term horizon.
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 assets. 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 Open Markets 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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.