EUR futures: neutral/bullish near term
In light of preliminary figures for EUR futures markets from CME Group, investors added nearly 1.5K contracts to their open interest positions on Thursday from Wednesday’s final 535,856 contracts. In the same direction, volume rose sharply by almost 128K contracts.
EUR/USD still capped by 1.1400 and above
EUR/USD moved higher amidst rising open interest and volume on Thursday, opening the door for another test of the 1.1400 barrier and beyond in the very near term. However, the broad consolidative theme is expected to remain in place.