EUR Futures: Decline seems limited

Open interest in EUR futures markets shrunk after three consecutive daily builds, this time by nearly 1.2K contracts according to flash data from CME Group. Volume, on the other hand, increased by around 58.4K contracts.

EUR/USD could re-test 1.0635

EUR/USD remains on the defensive so far this week. Thursday’s negative price action was on the back of declining open interest, however, hinting at the possibility that the downside could be losing vigour.