According to Friday’s preliminary figures for open interest and volume in EUR futures markets, traders increased their positions by more than 2.8K contracts vs. Thursday’s 247,733 contracts.
Buy the dips?
Unclear trend in both volume and open interest on Friday following the positive close let us think that the bullish attempt could have run out of some steam for the time being. This view falls in line with the expected pick up in cautiousness among investors ahead of the key ECB meeting on Thursday.
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 securities. 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 Forex 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.