EUR futures: some consolidation likely near term

Pablo Piovano FXStreet

In light of flash data for EUR futures markets from CME Group, investors scaled back their open interest positions for the second day in a row, this time by nearly 1K contracts. Volume, instead, reverted three consecutive drops and increased by around 49.6K contracts.

EUR/USD room for a visit to 1.1300 and below

Tuesday’s decline in EUR/USD was on the back of another draw in open interest, although the significant build in volume could allow for a deeper retracement to, initially, the 1.1300 neighbourhood, all within a broad consolidative theme.

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.

EUR/USD trims gains, back below 1.1800

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GBP/USD off highs, recedes to the sub-1.3500 area

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Gold climbs to weekly tops, approaches $5,100/oz

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