Search ForexCrunch

Open interest in EUR futures markets rose by just 881 contracts at the beginning of the week from Friday’s final 484,855 contracts, according to preliminary figures from CME Group. On the other hand, volume reversed three consecutive daily builds and dropped markedly by nearly 119K contracts.

EUR/USD further rangebound around 1.1300 on the cards

EUR/USD started the week on a positive note although further upside traction appears somewhat missing. The important drop in volume warns against a serious bullish attempt while marginal activity in open interest point to some consolidation ahead.