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Best Volumes of the Day Go Through EUR at WMR Fix

EUR
  • Best volumes of the day go through in EUR futures on the latest slippage to fresh lows. Futures markets show activity is still below-average for this time of day, but notable flows coinciding with the WMR fix help close the gap.
  • Spot EUR/USD touches 1.0932 before bouncing slightly, but remains comfortably north of the Monday lows, with 1.0965 just 30 pips or so above. Clearance here puts the rate again at fresh highs, and again at the best levels since August.
  • Note that the recent rally in EUR/USD has put the pair into technically overbought territory, with the 14-day RSI now north of 70 and the highest since the mid-July YTD high in spot at 1.1276.

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