Home EUR Futures: Further downside still on the cards

EUR Futures: Further downside still on the cards

Updated: 20 Mar. 2020 | 07:27

Open interest in EUR futures markets reversed three consecutive pullbacks and rose nearly 4.8K contracts on Thursday, according to preliminary figures from CME Group. Volume, in the same line, increased for the second session in a row, this time by around 40.8K contracts.

EUR/USD: Door open for further losses

EUR/USD dropped and recorded fresh 2020 lows in the mid-1.0600s on Thursday amidst rising open interest and volume. That said, extra downside remains well on the cards, with the next target in the 1.0570 region (monthly low April 2017).

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