In view of preliminary figures for EUR futures markets from CME Group, open interest dropped by more than 3.5K contracts on Wednesday from Tuesday’s final 477,881 contracts. Volume, instead, rose by around 19K contracts, recording the second build in a row. EUR/USD under pressure, looks below 1.1700 The upside momentum around EUR/USD appears somewhat mitigated following the rate hike by the FOMC and Italian headlines. This coupled with the inability to break above the 1.1800 handle on a convincing fashion opens the door for a potential correction lower to 1.1700 and below in the near term. Choppy activity in open interest and rising volume in combination with lower prices reinforces this view. 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 LedgerX to launch Ethereum-based derivatives, but ETH/USD hibernates in a narrow range FX Street 4 years In view of preliminary figures for EUR futures markets from CME Group, open interest dropped by more than 3.5K contracts on Wednesday from Tuesday's final 477,881 contracts. Volume, instead, rose by around 19K contracts, recording the second build in a row. EUR/USD under pressure, looks below 1.1700 The upside momentum around EUR/USD appears somewhat mitigated following the rate hike by the FOMC and Italian headlines. This coupled with the inability to break above the 1.1800 handle on a convincing fashion opens the door for a potential correction lower to 1.1700 and below in the near term. Choppy activity in open… 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.
