EUR futures: rising odds for a rebound near term

According to preliminary figures for EUR futures markets from CME Group, investors scaled back their open interest positions for the second session in a row, this time by around 2.6K contracts on Monday vs. Friday’s final 526,753 contracts. In the same line, volume shrunk for another session, now by nearly 65.8K contracts.
EUR/USD reluctant to drop further
EUR/USD has started the week on a negative note amidst declining open interest and volume, which should keep a potential rebound well on the cards in the near term horizon.
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.


















