In light of flash data for EUR futures markets, investors trimmed their open interest positions for the fourth consecutive session on Wednesday, this time by more than 3K contracts. Volume, instead, rose by nearly 17.5K contracts, clinching the third build in a row.
EUR/USD under pressure near 1.1200
The weekly leg lower in EUR/USD met contention in the 1.1180/75 band so far. However, the persistent drop in open interest warns against a potential deeper retracement, allowing instead for some near term consolidation on the back of rising volume.
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