EUR futures: upside could lose momentum

In light of preliminary figures for EUR futures markets from CME Group, investors trimmed their open interest positions by more than 1K contracts on Wednesday vs. Tuesday’s final 483,802 contracts. In the same direction, volume shrunk by around 33.1K contracts.

EUR/USD up move seen limited

EUR/USD is advancing for the second session in a row on Thursday and yesterday’s rebound was accompanied by diminishing open interest and volume, all indicative that the recovery could lack of sustainability in the near term.

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