EUR futures: extra decline likely

CME Group’s preliminary figures for EUR futures markets noted investors added around 3.6K contracts to their open interest positions on Monday from Friday’s final 536,659 contracts. In the same line, volume rose by around 53.1K contracts.

EUR/USD next target 1.1216

EUR/USD dropped further and printed fresh 2019 lows on Monday amidst rising open interest and volume, which leaves the door open for the continuation of the leg lower to, initially, 2018 lows in the 1.1220/15 band.