EUR futures: stays under pressure in the short-term

Pablo Piovano FXStreet

CME Group’s preliminary data for EUR futures markets noted investors added more than 1.7K contracts to their open interest positions on Thursday, reaching the third build in a row. Volume, in the same line, reversed the previous drop and also increased by nearly 72K contracts.

EUR/USD posed for a deeper pullback

EUR/USD last week dropped to multi-day lows in the 1.1230/25 band amidst rising open interest and volume. While low volatility is expected to remain in centre stage today, the probability of a visit to lower levels stays well on the cards in the very near term.

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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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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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