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EUR futures: room for a tick higher

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According to advanced figures of EUR futures markets from CME Group, investors added around 1K contracts to their open interest positions on Friday from Thursday’s final 493,738 contracts. In the same line, volume rose by more than 30.2K contracts.

EUR/USD faces strong hurdle at 1.1790

After testing weekly lows in the 1.1650 area last Thursday, EUR/USD managed to stage a rebound to the 1.1700 neighbourhood amidst an uptick in open interest and a moderate increase in volume, allowing for a continuation of the squeeze higher. Immediate resistance emerges at recent tops in the 1.1790 region.

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