Home EUR Futures: under downside pressure near term
FXStreet News

EUR Futures: under downside pressure near term

FX Street
Published date:

In light of preliminary figures for EUR futures markets from CME Group, investors added nearly 1.7K contracts to their open interest positions on Friday, reversing two consecutive daily drops. Volume, in the same line, increased by around 10.8K contracts following two drops in a row.

EUR/USD could slip back to 1.13 and below

EUR/USD has started the week on a negative mood breaking below 3 consecutive daily ‘dojis’. Increasing open interest and volume opens the door for extra downside in the near term with immediate target at the 1.1300 neighbourhood, where lies the 21-day SMA.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026