EUR Futures: further upside not ruled out


In light of flash data for EUR futures markets from CME Group, open interest increased by around 7.5K contracts on Thursday, reversing the previous small drop. In the same line, volume rose by around 9.2K contracts following a moderate drop in the previous day.

EUR/USD looks limited around 1.1080

Thursday’s inconclusive price action in EUR/USD was on the back of rising open interest and volume. While some consolidation seems likely in the near term, another squeeze higher should not be ruled out, although the 1.1080 region is expected to cap the upside for the time being.

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD stuck below 50-day MA despite US-China trade truce

EUR/USD failed to close above the 50-day moving average (MA) on Friday and is trading below the key average at press time despite the US-China trade truce. Major investment banks have warned that the latest US-China trade truce may be temporary. 

EUR/USD News

GBP/USD under pressure as Brexit optimism losing luster

GBP/USD is facing selling pressure in the Asian session and may remain on the defensive in Europe on fading optimism for the Brexit deal. Britain and the European Union on Sunday that a lot more work would be needed to secure an agreement on Britain's departure from the bloc. 

GBP/USD News

USD/JPY consolidating bull rally into 108 handle on US/Sino trade deal optimism

USD/JPY starts out the week flat to Friday's close after markets rallied at the end of the week. Bullish geopolitical undertones in the form of a US/Sino 'phase 1' trade deal help lift USD/JPY onto the 108 handle.

USD/JPY News

Gold sellers cheer US-China trade optimism against all odds

With the US and China near to end the two-year-old trade tussle, Gold bears give little importance to doubts over soft Brexit and tension surrounding Syria while flashing $1,484.70 as a quote during Monday’s Asian session.

Gold News

US China trade deal propels US markets and yields higher and leaves dollar mixed

The US and China reached a limited trade deal on Friday a first step on the path to what both sides said could be a more comprehensive pact later in the year. President Trump said the countries reached a “very substantial phase one deal”.

Read more

Forex MAJORS

Cryptocurrencies

Signatures