In light of preliminary data for EUR futures markets from CME Group, investors added more than 3K contracts to their open interest positions on Thursday from the previous session. Volume, instead, shrunk by nearly 56K contracts, reversing the prior build.
EUR/USD still risks further downside
The performance around EUR/USD remains choppy so far this week. Spot keeps navigating the lower bound of the recent range against the backdrop of alternating trends in both open interest and volume. That said, while further consolidation is expected in the near term, another test of the 1.1180 region cannot be ruled out for the time being.
Share
