EUR futures: recovery has further legs
|According to CME Group’s preliminary figures, open interest in EUR futures markets rose by more than 1.1K contracts on Tuesday from Friday’s final 541,573 contracts, recording the second advance in a row. In the same line, volume rose significantly by around 96.8K contracts.
EUR/USD now targets 1.1400 and above
The positive performance of EUR/USD on Tuesday was in tandem with rising open interest and volume, a bullish sign that opens the door for the continuation of the upside momentum. That said, the 100-day SMA near 1.1400 the figure emerges as the next key target.
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