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EUR futures: bearish view unchanged

In light of CME Group’s flash data for EUR futures markets, open interest rose for the third session in a row on Monday, this time by nearly 3.1K contracts. Volume, instead, shrunk by almost 35.8K contracts, reversing the previous build.

EUR/USD still looks to 1.1100

Positive price action in EUR/USD at the beginning of the week was accompanied by rising open interest, allowing for a continuation of the recovery, at least in the near term. However, the moderate drop in volume could keep occasional bullish attempts capped.

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