EUR Futures: door open for extra losses
Open interest in futures markets rose significantly by around 13K contracts on Tuesday, reversing two consecutive declines, according to advanced figures from CME Group. Volume, in the same line, partially reversed the previous’ day drop and gained nearly 116.7K contracts.
EUR/USD now targets the 1.1100 region
The weekly decline in EUR/USD picked up extra pace on Tuesday and could face a deeper retracement amidst rising open interest and volume. That said, a test of 2019 lows in the 1.1100 neighbourhood has emerged on the horizon.
This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.