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EUR futures: rising odds for a deeper pullback

According to advanced figures for EUR futures markets from CME Group, investors added nearly 8K contracts to their open interest positions, recording the third build in a row. In the same line, volume increased once again, this time by around 8.5K contracts.

EUR/USD now targets YTD lows near 1.1230

EUR/USD is extending the march south, breaking below the critical support at 1.1300 the figure and therefore opening the door for a potential visit to 2019 lows in the 1.1230 region.

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