EUR futures: consolidative/bearish near term

Open interest in EUR futures markets dropped for the third session in a row on Thursday, this time by more than 3K contracts vs. Wednesday’s final 537,982 contracts, according to advanced figures from CME Group. Volume, instead, rose by around 27.6K contracts.

EUR/USD a test of 1.1215 remains on the cards

EUR/USD remains under pressure so far this week. Despite a test of 2018 lows in the 1.1215 area remains on the cards, a deeper retracement appears to be running out of traction amidst choppy activity in volume and recent decline in open interest.