EUR futures: dips appear shallow

In light of CME Group’s preliminary figures for EUR futures markets, investors added around 4.3K contracts to their open interest positions on Tuesday from Friday’s final 523,371 contracts. In the same direction, volume rose sharply by almost 36K contracts, reverting the previous drop.

EUR/USD a test of 1.13 not ruled out

EUR/USD is extending its sideline theme so far this week. Yesterday’s drop and rebound from weekly lows was accompanied by rising open interest and volume. That said, the broad consolidative scenario looks unchanged although a potential visit to the 1.1300 scenario still remains on the cards.