EUR futures: rangebound likely near term

11 Feb 2019

According to CME Group’s preliminary data for EUR futures markets, investors added more than 3.1K contracts on Friday from Thursday’s final 533,033 contracts, recording the fourth consecutive build. Volume, instead, extended its erratic performance and dropped by around 36.2K contracts.

EUR/USD still targets 1.1300 and below

The selling bias around EUR/USD looks poised to continue amidst the persistent build in open interest. However, unclear activity in volume could be reinforcing the case for some consolidation in the near term.

Trading foreign exchange on margin carries high potential rewards but also high potential risks that may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience and risk appetite. Past performance is not indicative of future results, which can vary due to market volatility. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Any opinions, news, research, analyses, prices or other information contained on this website or linked to from this website are provided as general market commentary and do not constitute investment advice. AUSFOREX does not accept liability for any loss or damage, including any loss or profit, which may arise directly or indirectly from use of or reliance on such information.

Register a Demo Account

Test drive our trading platform with a 30 day free trial

Register a Live Account

Get started.Open a Forex and CFD trading account with AUSFOREX now

Deposit Funds

Express way for deposit funds

Live Chat

Chat live with one of our 7*24 hour multilingual customer service team