EUR futures: still room for extra decline

According to preliminary figures for EUR futures markets from CME Group, investors trimmed their open interest positions by just 585 contracts on Friday from Thursday’s final 498,366 contracts. Volume, instead, rose by around 10.6K contracts, reversing the previous drop.

EUR/USD remains under pressure around 1.12

EUR/USD keeps the familiar range above the 1.1200 handle amidst choppy open interest and volume, allowing for the continuation of the consolidative theme while not ruling out another test of the 1.1180 region in the short-term horizon.