EUR Futures: Further losses in the pipeline

Pablo Piovano FXStreet

According to preliminary readings for EUR futures markets from CME Group, investors added nearly 2.4K contracts to their open interest positions on Friday, recording the fourth build in a row. In the same line, volume reversed the previous pullback and increased by almost 11.9K contracts.

EUR/USD expected to remain under pressure

EUR/USD clinched fresh 2020 lows near 1.0940 on Friday amidst rising open interest and volume. Fresh sellers entering into the market are seen keeping the pair under extra pressure, opening the door at the same time for a deeper pullback in the short-term horizon.

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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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