EUR futures: further rangebound likely

CME Group’s preliminary figures for EUR futures markets noted investors scaled back their open interest positions by just 459 contracts on Friday, recording the third drop in a row. Volume, instead, rose for the third consecutive session, this time by nearly 44K contracts.

EUR/USD appears consolidative near term

The strong decline in EUR/USD in past sessions was on the back of rising volume and shrinking open interest, leaving the scenario unclear and thus allowing for extra consolidation for the time being.