According to preliminary figures for EUR futures markets from CME Group, investors trimmed their open interest positions by around 4.1K contracts on Tuesday, recording the second drop in a row. Volume, instead, reversed two consecutive pullbacks and rose by nearly 18K contracts. EUR/USD still points to a test of 1.1026 Tuesday’s positive price action in EUR/USD was on the back of shrinking open interest, noting lack of sustainability of occasional bullish attempts and the presence of short covering sponsoring them. However, the up move in volume could support a squeeze higher in the very near term, although far from being a change in sentiment. FX Street 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 Post By FX Street FXStreet News share Read Next Crypto market update: Cryptos see red, Ethereum Classic defies expectations FX Street 4 years According to preliminary figures for EUR futures markets from CME Group, investors trimmed their open interest positions by around 4.1K contracts on Tuesday, recording the second drop in a row. Volume, instead, reversed two consecutive pullbacks and rose by nearly 18K contracts. EUR/USD still points to a test of 1.1026 Tuesday's positive price action in EUR/USD was on the back of shrinking open interest, noting lack of sustainability of occasional bullish attempts and the presence of short covering sponsoring them. However, the up move in volume could support a squeeze higher in the very near term, although far from being… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
