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In light of preliminary figures for EUR futures markets from CME Group, investors scaled back their open interest positions for the third session in a row on Thursday, this time by just 755 contracts vs. Wednesday’s final 473,883 contracts. Volume, instead, rose for the third consecutive session by around 47.3K contracts.

EUR/USD a test of 1.1526/08 gathers traction

EUR/USD is extending the leg lower for yet another session today amidst shrinking volume and increasing volume, which adds the idea that a deeper pullback lies ahead with a potential test of September’s low near 1.1530″¦ and below.