EUR Futures: Door open for extra losses

Following preliminary readings from CME Group, open interest rose by around 9.8K contracts on Thursday and volume increased by nearly 56K contracts.

EUR/USD now looks to 1.0980

EUR/USD charted a bearish ‘outside day’ on Thursday amidst rising open interest and volume. That said, further downside is now on the cards and targets the late November low in the 1.0980 region.