EUR futures: scope for extra retracement

In light of preliminary figures for EUR futures markets, open interest rose by nearly 6K contracts on Thursday from Wednesday’s final 474,096 contracts. In addition, volume increased for the third session in a row, this time by around 6.6K contracts.

EUR/USD rising odds for a test of 1.1299

EUR/USD remains under pressure and could now slip back and test the 2018 low at 1.1299 in the near term, as showed by the persistent decline amidst rising volume and open interest.