EUR futures: scope for extra pullbacks

According to preliminary figures from CME Group for EUR futures markets, open interest rose for the third session in a row on Monday, this time by around 3.7K contracts. On the other hand, volume dropped by around 13K contracts, recording the third consecutive decline.

EUR/USD now focused on YTD lows near 1.1180

EUR/USD continues to grind lower, opening the door for a potential new visit to 2019 lows in the 1.1180/75 band. Opposing trends as of late in open interest and volume also leaves the scenario ripe for some consolidation prior to a deeper retracement.