EUR futures: rallies appear limited

In light of advanced figures for EUR futures markets from CME Group, investors trimmed their open interest positions by just 455 contracts on Friday from Thursday’s final 533,078 contracts. In the same line, volume dropped significantly by around 62.2K contracts.

EUR/USD strong resistance lies at 1.1500

EUR/USD’s recent advance lacked of further traction beyond the 1.1450 region amidst shrinking open interest and volume, adding to the idea that extra gains should face a strong hurdle in the 1.1500 neighbourhood.