EUR futures: dips remain shallow

According CME Group’s advanced figures for EUR futures markets, open interest rose by more than 5.1K contracts on Friday vs. Thursday’s final 446,904 contracts. Volume, instead, decrease by nearly 44K contracts.

EUR/USD bullish picture intact

Despite the current daily correction, the broader scenario of rising open interest coupled with increasing prices is a bullish sign, implying that the up trend in EUR/USD appears everything but threatened for the time being. Hence, occasional dips should not only stay shallow but they also represent opportunities to go long the pair.