EUR futures: extra gains likely near term

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In light of preliminary figures for EUR futures markets from CME Group, investors added around 9.6K contracts on Thursday vs. Wednesday’s final 468,801 contracts. In the same line, volume reverted the previous drop and gained nearly 72.7K contracts.

EUR/USD door open for a test of 1.1853

EUR/USD’s strong advance on Thursday was in tandem with rising open interest and volume, a bullish signal that now allows for a continuation of the up move in the short-term horizon, including a potential visit to June’s peak at 1.1853.

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