According to CME Group’s advanced figures for EUR futures markets, investors trimmed their open interest positions for the second session in a row on Tuesday, this time by just 794 contracts vs. Monday’s final 600,892 contracts. In the same line, volume dropped for the third session in a row by almost 54.6K contracts.
EUR/USD a test of 1.2165/55 remains on the cards
EUR/USD keeps the choppy trade so far this week, all against the backdrop of declining open interest and volume. That said, the likeliness of another visit to the 1.2165/55 band is not ruled out although the downside potential seems to have lost some tailwinds.