EUR futures: recovery has further legs

Pablo Piovano FXStreet

In light of preliminary figures for EUR futures markets from CME Group, investors added around 6.1K contracts to their open interest positions on Thursday vs. Wednesday’s final 482,596 contracts.

EUR/USD scope for a test of 1.1650 and above

EUR/USD is up for the second straight session on Friday propped up by increasing open interest and a significant build in volume, allowing for the continuation of the current recovery. The immediate target is the 1.1665/73 band, where sit the 10- and 21-day sma.

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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