EUR Futures: further upside on the cards

Pablo Piovano FXStreet

In light of advanced data for EUR futures markets from CME Group, open interest shrunk by just 509 contracts on Tuesday while volume went down for the second session in a row, now by more than 12K contracts.

EUR/USD looks to extend the rebound

EUR/USD’s negative session on Tuesday was accompanied by declining open interest and volume, leaving the probability of a deeper pullback as shallow. That said, the continuation of the recovery looks likely in the near term, always with the immediate target at the 200-day SMA near 1.1140.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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