EUR futures: consolidative near term

In light of CME Group’s preliminary figures for EUR futures markets, investors trimmed their open interest positions by nearly 1.5K contracts on Friday from Thursday’s final 479,817 contracts. Volume, instead, rose by around 12.5K contracts.

EUR/USD finds support near 1.1430

EUR/USD’s rebound from the 1.1430 region on Friday was in tandem with rising open interest and shrinking volume, opening the door for a continuation of the consolidative mood in the near term horizon.