EUR Futures: Bearish view stays unchanged

Open interest rose for the second consecutive session on Friday, this time by around 1.3K contracts according to preliminary readings from CME Group. Volume, instead, shrunk by nearly 82.8K contracts.

EUR/USD risks further downside

EUR/USD’s drop to fresh YTD lows o Friday was accompanied by rising open interest, which should leave unchanged the idea of a deeper pullback to, initially, the 1.10 neighbourhood. However, the recent inconclusive trend in volume could spark some consolidation before the leg lower resumes.