EUR futures: bearish momentum could decelerate

In view of advanced figures for EUR futures markets from CME Group, investors added nearly 7K contracts to their open interest positions on Monday vs. Friday’s final 500,806 contracts. On the opposite side, volume dropped for the second session in a row, this time by more than 45.6K contracts.

EUR/USD eyes support near 1.20

EUR/USD's sharp decline has been accompanied by rising open interest, a bearish signal indicating that further weakness could still remain in the pipeline. However, the recent drop in volume could remove some tailwinds from the descent, which could now re-visit the critical support at 1.20 the figure.