EUR Futures: room for extra gains

Open interest in EUR futures markets increased for the third session in a row on Friday, this time by around 6K contracts, according to preliminary figures from CME Group. Volume, instead, shrunk by around 24.7K contracts, reversing at the same time three consecutive daily builds.

EUR/USD could extend the upside to 1.1367

The recent upside in EUR/USD managed to test the key 200-week SMA in the 1.1340 region on Friday. Another build in open interest allows for the continuation of this trend probably to the key 200-day SMA, today at 1.1367, although the moderate drop in volume could play against this view.