EUR Futures: Look neutral/bearish near term

Open interest in EUR futures markets increased for the second session in a row on Wednesday, this time by just 105 contracts, according to preliminary figures from CME Group. Volume, instead, prolonged the erratic performance and went down by almost 36K contracts.

EUR/USD faces extra consolidation

EUR/USD’s negative price action was accompanied by a small uptick in open interest on Wednesday, allowing for an extension of the leg lower. However, the choppy activity in volume also favours some consolidation in the short-term horizon.