EUR futures: upside could be losing momentum

In light of preliminary figures for EUR futures markets from CME Group, investors scaled back their open interest positions by nearly 9.9K contracts on Tuesday from the previous day. Volume, instead, rose for the second session in a row, this time by around 162.2K contracts, the largest daily build so far this year.

EUR/USD faces strong resistance around 1.1300

After three consecutive daily advances, EUR/USD is now showing some signs of exhaustion amidst declining open interest, although the significant uptick in volume allows for some extra gains in the near term.