EUR futures: upside stays limited
CME Group’s advanced data for EUR futures markets saw open interest declining by more than 2K contracts on Monday vs. Friday’s final 463,688 contracts. On the other hand, volume ticked lower by more than 37K contracts.
EUR/USD bullish attempts remain tepid
EUR/USD briefly tested daily highs just above the 1.1800 handle at the beginning of the week and closed the session with marginal losses in the 1.1740 region, where it is today looking to consolidate.
Yesterday’s activity in spot has been accompanied by a decrease in open interest and a moderate increase in volume, all hinting at the likelihood that extra gains should struggle to gather traction, at least in the near term.