EUR futures: room for extra gains

CME Group’s advanced data for EUR futures markets showed traders increased their open interest positions by more than 8.8~K contracts on Thursday vs. Wednesday’s 488,447 contracts. In the same direction, volume rose sharply by more than 76.5K contracts.

EUR/USD approaches to 1.20

EUR/USD’s up move on Thursday has been amidst rising open interest and volume, a strong bullish signal that hints at the likelihood of extra upside on the cards and opens the door for a potential test of the psychological handle at 1.2000 the figure.