Home EUR futures: decline to extend further

EUR futures: decline to extend further

Published date: 21 Nov. 2018 | 07:39

In light of advanced data for EUR futures markets from CME Group, investors added nearly 15.6K contracts to their open interest positions on Tuesday from Monday’s final 525,858 contracts. In the same line, volume rose by around 65.4K contracts.

EUR/USD risks a drop to 1.1300

Yesterday’s bearish ‘outside day’ in EUR/USD combined with rising open interest and volume has left the door open for a deeper retracement to, initially, the 10-day SMA in the 1.1300 neighbourhood.

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