EUR futures: further upside is a go
In light of CME Group’s advanced data for EUR futures markets, open interest rose by more than 7K contracts on Wednesday vs. Tuesday’s final 465,307 contracts. In the same direction, volume increased moderately by nearly 11.6K contracts.
EUR/USD re-opens the door for a test of 1.20
Yesterday’s up move in EUR/USD has been reinforced by increasing open interest and volume, paving the way for a potential test of higher levels in the near term, while another visit to the psychological 1.2000 handle is not ruled out.