EUR futures: a top in place?

According to Monday’s preliminary figures for open interest in EUR futures markets, traders added just 432 contracts vs. Friday’s final 422,168 contracts.

Upside capped near term?

Volume seems to have flattened in past weeks along with a loss of upside momentum in EUR/USD, leaving the area around 1.1450 as a potential interim top and opening the door at the same time for further, albeit shallow, retracements.