EUR futures: march south unabated
In view of CME Group’s advanced data for EUR futures markets, investors added more than 1.3K contracts to their open interest positions on Tuesday vs. Monday’s 445,343 contracts. In the same direction, volume ticked higher by more than 29.3K contracts.
EUR/USD room for a test of 1.1270
EUR/USD’s weekly down tick has been in tandem with increasing open interest so far, while the activity in volume has been choppy. The broad sentiment remains bearish, allowing at the same time a potential visit to the 1.1270 region, where sits the key 200-day sma.