Investors scaled back their open interest positions by more than 1.9k contracts on Tuesday according to preliminary data from CME Group. In the same line, volume reversed two consecutive builds and shrunk by nearly 76K contracts.
EUR/USD looks sidelined below 1.1300 so far
EUR/USD keeps the trade close to the 1.1280 region so far today amidst declining open interest and volume. Unclear price action is thus expected to extend in the very near term, while the 200-day/wee SMA in the mid-1.1300s is seen capping the upside for the time being.
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