Search ForexCrunch

Open interest rose by just 559 contracts on Thursday, extending the choppy activity seen in EUR futures markets in recent sessions, all according to preliminary data from CME Group. In the same line, volume reversed the previous drop and increased by nearly 37.8K contracts.

EUR/USD on its way to 1.0990

EUR/USD’s weekly recovery is expected to continue in the short-term horizon sustained by rising open interest and volume. Against this, the next target of relevance remains at the January’s low at 1.0992.