Home EUR futures: extra gains unlikely

EUR futures: extra gains unlikely

Published date: 22 Nov. 2018 | 07:33

According to preliminary figures for EUR futures markets from CME Group, open interest shrunk by nearly 6.6K contracts on Wednesday from Tuesday’s final 540,869 contracts. In the same line, volume dropped by around 23.5K contracts.

EUR/USD immediate target at 1.1460

The recovery in EUR/USD following Tuesday’s sharp drop remains well and sound, although declining open interest and volume should warn against the sustainability of a serious bullish attempt.

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