Home EUR futures: bearish, neutral near term

EUR futures: bearish, neutral near term

Updated: 1 Apr. 2019 | 07:52

According to preliminary figures for EUR futures markets from CME Group, investors added around 3.3K contracts on Friday from the previous day, while volume shrunk for the second session in a row, this time by more than 5K contracts.

EUR/USD further retracement not ruled out

The recent leg lower in EUR/USD was on the back of opposing trends from open interest and volume, leaving the door open for further consolidation although a move lower cannot be ruled out for the time being.

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