In light of preliminary figures for EUR futures markets from CME Group, traders added just 250 contracts to their open interest positions on Monday from Friday’s final 530,327 contracts. Volume, instead, dropped for the second session in a row, this time by around 94.7K contracts.
EUR/USD expected to correct lower
EUR/USD is advancing for yet another session on Tuesday. The up move, however, was on the back of irrelevant activity in open interest and a significant decline in volume, all hinting at the likeliness that a correction lower could be on the cards.