23 Apr 2020
EUR Futures: Door open for further losses
CME Group’s advanced data for EUR futures markets noted open interest rose for yet another session on Wednesday, this time by around 3.1K contracts. On the other hand, volume shrunk by nearly 16.7K contracts, partially reversing the previous build.
EUR/USD still targets 1.0768
EUR/USD is extending the bearish note so far this week. Wednesday’s negative price action was accompanied by rising open interest, allowing for the continuation of the leg lower. That said, the April’s low at 1.0768 now emerges as the next key support.
