Home EUR futures: upside could run out of legs

EUR futures: upside could run out of legs

Published date: 28 Aug. 2018 | 11:35

According to preliminary figures from CME Group for EUR futures markets, investors added nearly 1.3K contracts on Monday from Friday’s final 527,087 contracts. Volume, instead, dropped significantly by almost 47.4K contracts.

EUR/USD now eyes 1.1745/50

EUR/USD continues its march north today amidst a small uptick in open interest and an important drop in volume. The next target emerges at 1.1745/50 band although the vicinity of the overbought territory and shrinking volume undermines the sustainability of extra gains.

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