EUR futures: upside loses momentum
CME Group’s flash figures for EUR futures markets saw open interest rising by more than 2.8K contracts on Wednesday vs. Tuesday’s 472,865 contracts. On the opposite side, volume dropped marginally by just 34 contracts.
EUR/USD 1.1880 still caps the up move
EUR/USD advanced to the 1.1860 area earlier in the week, although the bull run lost momentum soon afterwards. The weekly upside in spot has been amidst rising open interest and volume, although the raise diminished significantly yesterday, hinting at the likeliness that extra upside could need a stronger catalyst.