EUR futures: upside losing momentum

In light of CME Group’s flash data for EUR futures markets, traders trimmed their open interest positions by more than 6.3K contracts on Tuesday vs. Monday’s final 571,304 contracts. On the opposite direction, volume rose by more than 34K contracts.

EUR/USD gains capped near 1.2400

Open interest activity continued to shrink yesterday, down for the seventh session in a row. The ongoing recovery in EUR/USD appears to lack of sustainability against this backdrop, and rallies are expected to falter in the vicinity of 1.2400 the figure, at least in the very near term.

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 securities. 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 Forex 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.