Home EUR futures: bearish stance unchanged

EUR futures: bearish stance unchanged

Updated: 28 Nov. 2018 | 08:27

In light of advanced figures for EUR futures markets, open interest increased by nearly 4.4K contracts on Tuesday from Monday’s final 534,441 contracts. In the same direction, volume rose by almost 64.8K contracts.

EURUSD door open for 1.1200

EUR/USD‘s decline on Tuesday was on the back of increasing open interest and volume, hinting at the idea that fresh sellers are returning to the markets while leaving the door open for another visit to the 1.1200 neighbourhood, or YTD lows, in the near term.

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.

View all posts by FX Street

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.