CME Group’s preliminary figures for EUR futures markets saw open interest rising by nearly 3.5K contracts on Monday vs. Friday’s final 459,078 contracts. On the opposite side, volume dropped significantly by more than 50.4K contracts.
EUR/USD stays upside corrective
EUR/USD has accelerated the upside during the first half of the week, clinching levels beyond 1.1700 the figure and surpassing at the same time the ‘neckline’ of the H&S pattern in the 1.1660/70 band.
The up move, despite being accompanied by a persistent increase in open interest has been also in tandem with diminishing volume, signaling that the fundamentals behind the up tick could be tepid.
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.