EUR futures: further pullbacks on the cars

In light of advanced figures for EUR futures markets from CME Group, open interest ticked higher by almost 3K contracts on Wednesday from Tuesday’s final 479,644 contracts. In the same direction, volume rose by around 4.6K contracts.

EUR/USD now looks to 1.1450/1.1299

EUR/USD remains under heavy pressure so far this week and the recent uptick in open interest and volume allows for further retracement to, initially, 1.1449 ahead of YTD low at 1.1299.