EUR futures: declines appear limited

Open interest in EUR futures markets increased by nearly 8K contracts on Friday from Thursday’s final 528,323 contracts, recording the first build after three consecutive pullbacks. Volume, instead, prolonged the choppy performance and shrunk by almost 67.1K contracts.

EUR/USD points to further consolidation

EUR/USD is extending the multi-session consolidative theme above 1.1300 the figure. Erratic activity in volume and somewhat declining open interest should leave the neutral outlook fairly unchanged for the time being.