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Open interest in EUR futures markets rose for the third consecutive day on Thursday, this time by nearly 7.3K contracts vs. Wednesday’s final 525,799 contracts, according to advanced figures from CME Group.  Volume followed suit, up by almost 33K contracts.

EUR/USD rising odds for a test of 2019 lows

Yesterday’s pullback in EUR/USD was on the back of rising both open interest and volume, noting that fresh sellers could be entering the market. That said, another test of the 1.1300 neighbourhood and YTD lows in the 1.1290/85 band remains well on the cards in the near term.