OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR Futures: Further losses seem unlikely

In light of advanced readings from CME Group, open interest increased for the fourth consecutive session on Tuesday, now by nearly 5.3K contracts. On the opposite side, volume prolonged the erratic performance and shrunk by around 13.4K contracts.

EUR/USD appears supported by 1.10

Tuesday’s rebound in EUR/USD was in tandem with the continuation of the uptrend in open interest, which could be hinting at the idea that a rebound lie ahead. This view is reinforced by the fact that the pair is approaching the oversold territory, according to the RSI.

EUR/USD: Decline could be losing traction – UOB

According to FX Strategists at UOB Group, the downside momentum in EUR/USD seems to be running out of steam. Key Quotes 24-hour view: “We noted yester
Read more Previous

GBP/USD: Outlook remains mixed for the time being – UOB

Cable is expected to keep trading within the 1.2900-1.3200 range in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “W
Read more Next
Start livechat