Home EUR futures: further rangebound likely

EUR futures: further rangebound likely

Published date: 17 Oct. 2018 | 07:33

Open interest in EUR futures markets dropped more tghan 1.8K contracts on Tuesday from Monday’s final 474,969 contracts, according to advanced data from CME Group. Volume, instead, rose by around 29.3K contracts after two consecutive drops.

EUR/USD keeps the familiar range near term

EUR/USD is poised to extend the consolidative theme in the near term against the backdrop of choppy activity in both open interest and volume. Strong support, however, should emerge in the 1.1500 neighbourhood.

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