EUR futures: extra consolidation on the cards

According to flash figures for EUR futures markets from CME Group, investors added around 5.9K contracts to their open interest positions on Monday vs. Friday’s final 557,567 contracts. In the same line, volume rose by more than 6K contracts.

EUR/USD rangebound between 1.2155/1.2555

Monday’s advance in EUR/USD has been in tandem with rising both volume and open interest albeit by irrelevant levels. That said, the prevailing consolidative theme is expected to continue for the time being, likely between 1.2155 and 1.2555.