In light of flash data for EUR futures markets, open interest shrunk by nearly 7.9K contracts on Wednesday vs. Tuesday’s final 539,405 contracts, recording the second consecutive drop. Volume, too, dropped by almost 107K contracts, reverting the previous build.
EUR/USD faces further consolidation
EUR/USD is down for the second session in a row so far, although the recent drop in both volume and open interest should leave dips somewhat contained, thus favouring the continuation of the broad rangebound theme in the near/medium term.
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