EUR Futures: room for extra gains near term

Pablo Piovano FXStreet

In light of preliminary figures for EUR futures markets from CME Group, investors added almost 4.4K contracts to their open interest positions on Thursday while volume reversed the previous drop and increased by around 54.8K contracts.

EUR/USD faces a potential test of the 200-week SMA

The rebound in EUR/USD has surpassed the key 1.1300 the figure and remains in the neighbourhood for the time being. Rising open interest and volume are supportive of this view with the key 200-week SMA at 1.1344 emerging as the next target.

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.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

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Gold climbs to weekly tops, approaches $5,100/oz

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