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EUR futures: further retracement on the cards

According to CME Group’s preliminary figures for EUR futures markets, open interest increased by nearly 5.1K contracts on Tuesday while volume went up by around 155.3K contracts.

EUR/USD still targets 1.1176

The down move in EUR/USD on Tuesday found sustain in rising open interest and volume, which keeps a potential test of yearly lows well on the cards for the time being.