- April 9, 2020
- Posted by: Analysis Team
- Category: Forex News
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.