Home EUR futures: consolidative/bearish near term

EUR futures: consolidative/bearish near term

Updated: 5 Oct. 2018 | 09:08

In light of CME Group’s preliminary figures for EUR futures markets, open interest rose by just 447 contracts on Thursday vs. Wednesday’s final 482,579 contracts. Volume, instead, dropped by around 36.2K contracts.

EUR/USD should meet support at 1.1450

Yesterday’s advance in EUR/USD was on the back of irrelevant activity in open interest while volume shrunk after two consecutive builds. Further consolidation appears likely in the very near, while strong support emerges in the 1.1460/50 band.

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