EUR futures: scope for extra gains

According to CME Group’s preliminary figures for EUR futures markets, investors added nearly 7.5k contracts to their open interest positions on Friday, while volume increased by around 83K contracts.

EUR/USD still targets the 200-week SMA

Further upside in EUR/USD is expected in the near term following Friday’s uptick amidst rising open interest and volume. That said, the next target is still located at the key 200-week SMA in the 1.1340 region.