EUR futures: extra gains seem limited

Open interest in EUR futures markets rose by around 7.1K contracts on Friday from Thursday’s final 535,858 contracts according to preliminary figures from CME Group. On the other hand, volume shrunk significantly by around 186.3k contracts, recording the second drop in a row.

EUR/USD could test the 55-day SMA near 1.1370

EUR/USD has started the week on a positive footing, regaining the 1.1340 region amidst rising open interest and declining volume. That said, a move to the 55-day SMA at 1.1365 is not ruled out, although further gains appears somewhat limited.