EUR Futures: Risks further downside
In light of flash data for EUR futures markets from CME Group, investors added around 5.4K contracts to their open interest positions on Tuesday, recording the second consecutive advance. Volume, in the same line, reversed the previous drop and rose significantly by near 100K contracts.
EUR/USD faces a potential move to 1.1065
EUR/USD’s negative price action on Tuesday was in tandem with rising open interest and volume, opening the door for the continuation of the correction lower to, initially, the 100-day SMA in the 1.1060 region.