Home EUR futures: up move could extend further

EUR futures: up move could extend further

Updated: 16 Nov. 2018 | 08:53

CME Group’s advanced data for EUR futures markets noted investors added nearly 5.7K contracts on Thursday from Wednesday’s final 521,343 contracts. In the same line, volume rose by just 571 contracts, recording the fourth consecutive build.

EUR/USD now targets 1.14 and above

The up move in EUR/USD was in tandem with rising open interest and volume, a bullish sign that hints at the likeliness that further upside remains on the cards for the time being. Immediate target lies at the 21-day SMA at 1.1376.

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