EUR futures: scope for extra decline

According to preliminary figures for EUR futures markets from CME Group, investors added nearly 4.8K contracts to their open interest positions on Monday from Friday’s final 530,097 contracts. Same happened with volume, reverting the previous drop and advancing by almost 6.7K contracts.

EUR/USD next stop 1.1300… and below?

EUR/USD remains on the defensive so far this week, coming down to test the critical 200-week SMA in the 1.1330 region and threatening to extend the leg lower further deep into the negative territory amidst rising volume and open interest. That said, the door is open for a test of the 1.1300 neighbourhood and probably below.