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Advanced figures for EUR futures markets showed open interest rose by nearly 7.5K contracts on Friday vs. Thursday’s final 472,363 contracts, according to CME Group. Volume, instead, shrunk by around 9.3k contracts.

EUR/USD a test of 1.1508 stays in the pipeline

The recent decline in EUR/USD was in tandem with rising open interest and diminishing volume. Although further downside is not ruled out, the 1.1500 neighbourhood is poised to offer strong contention.