CME Group’s preliminary figures for EUR futures markets noted open interest rose significantly by around 32.1K contracts on Thursday vs. Wednesday’s final 606,399 contracts. In the same line, volume recorded the highest level so far this year above 910K contracts, rising almost 207K from the previous reading.
EUR/USD targets 1.1510″¦ and below
Yesterday’s sharp sell off in EUR/USD following the ECB meeting has been in tandem with rising open interest (the largest daily advance so far this year) and volume (yearly peak), all indicative that further and deeper retracements are now expected.
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