In light of advanced figures for EUR futures markets, open interest dropped by nearly 6.4K contracts on Monday from Friday’s final 532,883 contracts, reverting three consecutive builds. In the same line, volume shrunk significantly by around 84.1K contracts.
EUR/USD could attempt some consolidation
The rally in EUR/USD appears to have lost momentum in the mid-1.1400s for the time being amidst diminishing volume and open interest. That said, the pair could stay sidelined in the very near term, while extra gains should need a more convincing catalyst.
Share
