EUR futures: upside appears limited
|In light of advanced figures for EUR futures markets from CME Group, open interest increased by around 12.1K contracts on Friday - the largest daily build since March 26 – from Thursday’s final 526,947 contracts. In the same direction, volume rose by almost 58K contracts.
EUR/USD door still open for a test of 1.1553
EUR/USD closed at 1.1646 on Friday amidst rising open interest and volume. Despite today’s rebound to 1.1700 and beyond on news from the Italian political scenario, the bearish note around the pair remains unchanged, allowing for depper pullbacks in the near term with the next target at 1.1553, November low.
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