EUR futures: upside seen (very) limited

Open interest in EUR futures markets shrunk by more than 4.1K contracts on Friday from Thursday’s final 549,347 contracts, according to preliminary figures from CME Group. In the same line, volume dropped significantly by nearly 151K contracts.

EUR/USD sell the rallies?

The single currency remains under pressure on Monday. Friday’s recovery in EUR/USD was on the back of declining open interest and volume, removing tailwinds from occasional bullish attempts in the near term.