EUR futures: rallies appear limited

In light of preliminary figures for EUR futures markets, open interest dropped by around 1.7K contracts on Friday vs. Thursday’s final 488,059 contracts. In the same line, volume receded by almost 93.8K contracts.

EUR/USD initial hurdle emerges around 1.1670

Friday’s up move in EUR/USD has been accompanied by a down tick in both open interest and volume, removing some tailwinds from occasional bullish attempts and leaving the 1.1670/75 band as quite a moderate resistance in the near term.