EUR futures: rising odds for a rebound near term

According to preliminary figures for EUR futures markets from CME Group, investors scaled back their open interest positions for the second session in a row, this time by around 2.6K contracts on Monday vs. Friday’s final 526,753 contracts. In the same line, volume shrunk for another session, now by nearly 65.8K contracts.

EUR/USD reluctant to drop further

EUR/USD has started the week on a negative note amidst declining open interest and volume, which should keep a potential rebound well on the cards in the near term horizon.