EUR Futures: looks consolidative short term

Pablo Piovano FXStreet

Investors added nearly 7.3K contracts to their open interest positions in EUR futures markets on Friday, reaching the second build in a row according to preliminary data from CME Group. Volume, instead, extended the choppy performance and shrunk by almost 19.2K contracts.

EUR/USD struggles for direction ahead of ECB

Inconclusive price action in EUR/USD is expected to persist for the time being ahead of the key ECB gathering on Thursday. That said, the current 1.0925-1.1085 band is seen well in place at least in the very near term.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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GBP/USD flirts with daily lows near 1.3630

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Bitcoin consolidates as on-chain data show mixed signals

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The week ahead: Key inflation readings and why the AI trade could be overdone

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XRP steadies in narrow range as fund inflows, futures interest rise

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