EUR futures: still neutral near term

According to preliminary figures from CME Group, open interest decreased by almost 2.2K contracts on Friday vs. Thursday’s final 496,889 contracts. Volume followed suit, down by around 47.1K contracts.

EUR/USD capped by 1.1750

EUR/USD keeps the sideline theme intact for the time being amidst choppy activity in both open interest and volume. However, the lack of conviction to surpass the mid-1.1700s opens the door for a potential re-test of the 1.1570 region in the near term.