EUR futures: room for extra downside

Pablo Piovano FXStreet

According to CME Group’s preliminary figures for EUR futures markets, open interest rose for the second session in a row, this time by more than 1.2K contracts on Tuesday from Monday’s final figures. In the same line, volume increased by around 10.5K contracts, partially reversing the previous sharp drop.

EUR/USD door open for a test of 2019 lows

EUR/USD remains on the defensive and could grind lower to the test once again the area of YTD lows around 1.1180 on the back of rising open interest and volume.

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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