EUR futures: rebound could extend further

Pablo Piovano FXStreet

Preliminary figures from CME Group showed open interest in EUR future markets kept building up on Friday, up to nearly 531K contracts from Thursday’s 518960 contracts.

Dip buyers emerged?

Following the dip to the 1.1130 region on Thursday, EUR/USD managed to regain some attention and closed Friday in levels just shy of the 1.1200 handle, paving the way for a potential extension of the bounce into Monday’s trading.

The absence of data releases in Euroland and the US economy at the beginning of the week plus improvement political sentiment in France after Sunday’s elections could help EUR/USD to move higher today.

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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