EUR futures: consolidation likely near term

In light of CME Group’s advanced figures for EUR futures markets, investors added more than 2.6K contracts to their open interest positions on Monday from Friday’s final 513,716 contracts. On the opposite side, volume decreased by around 108.8K contracts, the largest drop since March 19.

EUR/USD stays under pressure, supported at 1.19

EUR/USD remains vulnerable despite sellers appear to have found strong support in the 1.1900 neighbourhood for the time being. The large drop in volume on Monday confronts with the small uptick in open interest, allowing for some consolidation in the near term while further pullbacks are not ruled out.