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EUR Futures: further gains appear limited

2019-06-20 13:50

According to advanced data from CME Group for EUR futures markets, investors trimmed their open interest positions by nearly 54.5K contracts, the largest single day drop so far this year. In the same direction, volume reversed the previous build and shrunk by more than 77K contracts.

EUR/USD expected to resume the downside

EUR/USD is recovering ground lost in past sessions following the softer mood surrounding the greenback. However, further gains in spot looks limited in light of the sharp drop in both open interest and volume.

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.

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