EUR Futures: Rebound expected to pick up pace

Open interest in EUR futures markets shrunk by nearly 1K contracts at the beginning of the week according to advanced readings from CME Group. Volume, in the same line, decreased by around 8K contracts.

EUR/USD now looks to 1.0990

EUR/USD appears to have met some decent support in sub-1.0800 levels on Monday amidst declining open interest and volume. That said, the pair could now extend the rebound to the key barrier at 1.0990, or January’s low.