EUR Futures: Further upside still favoured

Open interest and volume in EUR futures markets increased by around 38.9K and around 37.2K, respectively, on Friday, according to preliminary figures from CME Group.

EUR/USD now targets the 200-day SMA near 1.1100

EUR/USD’s uptick on Friday in combination with rising open interest and volume allows for the continuation of the upside momentum to, initially, the critical 200-day SMA in levels just below 1.1100 the figure.