In light of flash data for EUR futures markets from CME Group, investors added nearly 3.3K contracts on Monday from Friday’s final 512,071 contracts, reaching the ninth consecutive build. On the opposite direction, volume extended the choppy performance and shrunk by around 103.1K contracts.
EUR/USD faces the next hurdle at 1.1200
EUR/USD is up for yet another session, prolonging the rebound from recent 2019 lows. Rising open interest adds to the likelihood of extra gains in the near term, although the erratic activity in volume warns against the sustainability of further upside. That said, the 10-day SMA at 1.1204 comes as the next interim hurdle.
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