EUR futures: no change in the consolidative theme

In light of advanced figures for EUR futures markets from CME Group, open interest rose by around 1.6K on Wednesday from Tuesday’s 509,942 contracts. In the same line, volume increased by more than 3.4K contracts.

EUR/USD faces strong resistance at 1.2400

EUR/USD extends the weekly sideline theme so far today after once again failing to break above the 1.2400 handle on a convincing fashion on Tuesday. The weekly move in spot has been accompanied by rising volume and open interest, showing some resilience to test lower levels for the time being.