According to preliminary figures from CME Group, open interest decreased by almost 2.2K contracts on Friday vs. Thursday’s final 496,889 contracts. Volume followed suit, down by around 47.1K contracts.
EUR/USD capped by 1.1750
EUR/USD keeps the sideline theme intact for the time being amidst choppy activity in both open interest and volume. However, the lack of conviction to surpass the mid-1.1700s opens the door for a potential re-test of the 1.1570 region in the near term.
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