EUR futures: recovery could extend further

In light of preliminary figures for EUR futures markets from CME Group, traders added nearly 3.9K contracts to their open interest positions on Thursday from Friday’s final 482,811 contracts. In the same line, volume increased sharply by almost 126.4K contracts.

EUR/USD remains bid near 1.1600

The rally in EUR/USD remains well and sound so far this week. Yesterday’s uptick was in tandem with rising open interest and volume, opening the door for a continuation of the bull run 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 securities. 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 Forex 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.