In view of the CME Group futures markets and the change in the Fed's rhetoric, futures contracts in EUR jumped by more than 1K overnight to 527,521 contracts, partially recovering from the previous downturn. In the same direction, the volume rose for a second consecutive session, now by nearly 70,000 contracts.
EUR / USD is now heading to the hihgs from the beginning of the year.
The change in Fed's rhetoric, increasing ЕUR contracts and volume in a combination with the rising prices is a bullish signal that hints at the likeliness that further upside remains on the cards for EUR/USD, which is now targeting yearly peaks in the 1.1570 region.
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