EUR Futures: extra pullbacks on the table

Pablo Piovano FXStreet

In light of flash data for EUR futures markets from CME Group, open interest rose for the second session in a row on Monday, this time by around 3.6K contracts. On the other hand, volume shrunk by around 30.6K contracts.

EUR/USD stays focused on 1.10 and below

The pair trades close to the 1.10 area so far this week. Rising open interest amidst recent price action in EUR/USD now favours further decline with the next relevant target at monthly lows at 1.0989 ahead of the 1.0930 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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