Open interest in EUR futures markets resumed the downtrend on Friday and shrunk by just 393 contracts, partially fading the previous pullback, according to flash data from CME Group. In the same line, volume dropped for the second session in a row, this time by nearly 8.8K contracts.
EUR/USD could test 1.0770
Friday’s positive price action in EUR/USD was accompanied by declining open interest and volume, hinting at the likeliness that occasional bullish attempts remain somewhat limited. That said, a visit to April’s low in the 1.0770/65 band in the short-term horizon would not be surprising.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.