EUR futures: bearish mood unabated

According to CME Group’s preliminary figures for EUR futures markets, traders added more than 3.5K contracts on Thursday from Wednesday’s final 494,272 contracts. In the same line, volume rose by more than 146K contracts, the largest build since March 13.

EUR/USD door open for a test of 1.2000

Yesterday’s sharp sell off in EUR/USD has been on the back of rising open interest and volume, a clear bearish sign that paves the way for further pullbacks and a potential visit to the psychological 1.2000 handle, coincident with the critical 200-day sma.