EUR futures: bearish mood prevails

According to advanced figures for EUR futures markets from CME Group, investors scaled back their open interest positions by almost 3.8K contracts on Friday from Thursday’s 508,084 contracts. On the other hand, volume rose by nearly 22K contracts.

EUR/USD focused now on 1.2165/55

EUR/USD’s recent leg lower has been accompanied by a persistent increase in volume and choppy activity in open interest, leaving the door open for a continuation of the bearish trend with interim target in the 1.2165/55 band.