In light of advanced figures for EUR futures markets from CME Group, investors added around 1.9K contracts to their open interest positions on Tuesday from Monday’s final 527,345 contracts. In the same line, volume rose sharply by nearly 70K contracts.
EUR/USD poised for a test of 1.1400 and above
EUR/USD briefly pierced the 1.1400 handle late on Tuesday. The recent up move in prices in tandem with open interest and volume is a bullish signal that hints at the possibility of further gains in the near term.