In light of advanced figures for EUR futures markets from CME Group, open interest decreased marginally by 277 contracts on Monday from Friday’s final 493,765 contracts. Volume, instead, dropped sharply by more than 50.4K contracts.
EUR/USD still negative below 1.1790
The ongoing recovery in EUR/USD has been in tandem with shrinking volume and marginal activity in open interest. The pair faces a strong resistance in the 1.1720 area and the prospects for a deeper pullback initially to the 1.1530 region remain on the cards while below recent peaks in the 1.1790 region.
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