EUR futures: further rangebound expected

According to advanced data from CME Group, investors trimmed their open interest positions by nearly 3.2K contracts on Wednesday from Tuesday’s final 516,282 contracts. Volume, instead, rose for the second consecutive day, this time by almost 2.9K contracts.

EUR/USD looks sidelined around 1.1200

EUR/USD is prolonging the consolidative mood always around the key 1.1200 handle amidst lack of direction in both open interest and volume. That said, the continuation of this scenario is likely in the short-term horizon.