EUR Futures: further upside on the cards

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In light of advanced data for EUR futures markets from CME Group, open interest shrunk by just 509 contracts on Tuesday while volume went down for the second session in a row, now by more than 12K contracts.

EUR/USD looks to extend the rebound

EUR/USD’s negative session on Tuesday was accompanied by declining open interest and volume, leaving the probability of a deeper pullback as shallow. That said, the continuation of the recovery looks likely in the near term, always with the immediate target at the 200-day SMA near 1.1140.

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