EUR futures: upside poised to continue

In light of flash figures for EUR futures markets from CME Group, open interest rose by around 6.7K contracts on Monday vs. Friday’s 508,118 contracts. In the same line, volume rose by more than 34.5 contracts.

EUR/USD set eyes on 1.2480

EUR/USD is extending its march north on the back of a weaker greenback, while rising open interest and volume gives extra sustainability to the up move. That said, the area of 1.2480 now appears on the horizon ahead of yearly tops beyond 1.2500 the figure.