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EUR futures: rising odds for extra decline

Open interest in EUR futures markets dropped by around 3.1K contracts on Tuesday from Monday’s final 523,272 contracts, recording the fourth consecutive pullback according to preliminary figures from CME Group. On the flip side, volume rose significantly by nearly 89K contracts following three drops in a row.

EUR/USD attention is now back to 1.1300

EUR/USD has come under renewed downside pressure as of late amidst rising volume and a persistent drop in open interest. That said, while some consolidation is not ruled out in the very near term, a probable re-test of the 1.1300 area has now emerged on the horizon.

EUR/USD Technical Analysis: Sellers challenging consolidation break

EUR/USD, 15-Minute If the Fiber manages to break loose and set up a bearish continuation, a significant support zone sits at late December's swin
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EUR/USD: Easing lower, neutralising near term - Commerzbank

In view of Karen Jones, analyst at Commerzbank, EUR/USD pair should ideally start to stabilise, after it eased back to its 55 day moving average at 1.
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