2 May 2019
EUR futures: neutral/bearish near term
In light of preliminary figures for EUR futures markets from CME Group, investors added more than 3.1K contracts to their open interest positions on Wednesday, reaching the 11th build in a row. Volume, instead, shrunk significantly by around 84.3K contracts, prolonging the choppy performance.
EUR/USD upside looks unconvincing
EUR/USD has recently failed ahead of 1.1270 and returned to sub-1.1200 levels following the FOMC event. Yesterday’s negative performance was on the back of rising open interest and lower volume, leaving some room for further bullish attempts in the near term.
