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According to advanced figures for EUR futures markets from CME Group, investors added more than 5.5K contracts to their open interest positions on Monday from Friday’s final 513,951 contracts. In the same line, volume increased by almost 9.7K contracts.

EUR/USD squeeze higher could re-test 1.2000/21

EUR/USD is adding to yesterday’s gains and extending the rebound after hitting December’s low in the 1.1720/10 band. The rally appears to have further legs amidst rising open interest and volume, a bullish signal that could prompt spot to re-visit the 1.20 neighbourhood.