EUR Futures: room for extra gains near term
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.
This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.