EUR Futures: Further upside likely near term
|In light of flash data for EUR futures markets from CME Group, investors added nearly 9.2K contracts to their open interest positions on Friday, reaching the second build in a row. On the other side, volume partially reversed the previous drop and gained around 11.3K contracts.
EUR/USD now targets 1.1450, March tops
EUR/USD keeps the up move well and sound and is seen testing he mid-1.1400s in the near term if the buying pressure remains unabated. Rising open interest supports this view, although choppy activity in volume could remove some tailwinds from the expected upside.
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