EUR futures: correction lower on the cards

In light of advanced data for EUR futures markets from CME Group, open interest rose for the second session in a row on Thursday, this time by around 2.9K contracts from Wednesday’s final 528,527 contracts. In the same line, volume went up by nearly 13.4K contracts, recording the third daily advance in a row.

EUR/USD rejected from 1.1500

EUR/USD has once again failed to sustain the up move beyond 1.1500 the figure and this new rejection was accompanied by rising open interest and volume. That said, further retracements are expected in the near term, with the area near 1.1400 as the next target.