EUR Futures: further upside well on the cards
|Open interest in EUR futures markets rose once again on Wednesday, now by around 7.4K contracts, recording the fourth consecutive build according to preliminary data from CME Group. In the same line, volume clinched the second advance in a row, this time by around 56.6K contracts.
EUR/USD now looks to 1.1180/1.1200
The persistent weakness in the Dollar continues to fuel the up move in EUR/USD. Rising open interest and volume sustain the upside momentum and open the door to a potential test of monthly tops around 1.1180 and even a visit to the 1.1200 neighbourhood in the near term.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.