EUR futures: room for extra losses

Open interest in EUR futures markets rose for the second session in a row on Wednesday, this time by more than 1.5K contracts according to advanced data from CME Group. In the same line, volume went up by around 39.8K contracts.

EUR/USD remains under pressure in new 2019 lows

EUR/USD recorded fresh yearly lows on Wednesday at 1.1140 on the back of the persistent deterioration of the sentiment around the European currency. Rising open interest and volume amidst declining prices therefore opens the door for a continuation of the downtrend for the time being.