EUR futures: upside pressure mitigated

In light of CME Group’s preliminary figures for EUR futures markets, investors added around 3.5K contracts to their open interest positions on Friday from Thursday’s final 526,677 contracts. On the other hand, volume extended the choppy performance and shrunk by more than 49K contracts.

EUR/USD faces further consolidation

The erratic activity in both open interest and volume following the recent failed bullish attempt of EUR/USD to advance beyond 1.1400 the figure leaves the pair exposed to further rangebound in the short-term horizon.