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CME Group’s preliminary data for EUR futures markets noted investors added more than 1.7K contracts to their open interest positions on Thursday, reaching the third build in a row. Volume, in the same line, reversed the previous drop and also increased by nearly 72K contracts.

EUR/USD posed for a deeper pullback

EUR/USD last week dropped to multi-day lows in the 1.1230/25 band amidst rising open interest and volume. While low volatility is expected to remain in centre stage today, the probability of a visit to lower levels stays well on the cards in the very near term.