EUR futures: rising odds for extra upside

In view of advanced figures for EUR futures markets from CME Group, open interest rose by more than 1K contracts on Wednesday from Tuesday’s final 527,521 contracts, partially reverting the previous drop. In the same direction, volume rose for the second session in a row, now by nearly 70K contracts.

EUR/USD now targets YTD peaks

Increasing open interest and volume coupled with rising prices is a bullish signal that hints at the likeliness that further upside remains on the cards for EUR/USD, which is now targeting yearly peaks in the 1.1570 region.