EUR futures: door open for further downside

In light of preliminary figures for EUR futures markets from CME Group, open interest rose by nearly 3.9K contracts on Thursday vs. Wednesday’s final 492,126 contracts. Volume followed suit, rising by more than 25K contracts.

EUR/USD now looks to 1.2165/55

The weekly decline in EUR/USD has been accompanied by rising open interest and a choppy activity in volume, leaving the door open for a potential test of the 1.2200 neighbourhood ahead of the critical support band at 1.2165/55.