EUR futures: recovery could extend further

CME Group’s preliminary figures for EUR futures markets showed open interest rse by around 6.5K contracts on Wednesday from Tuesday’s final 538,454 contracts. In the same direction, volume increased by around 40.7K contracts, recording the second build in a row.

EUR/USD shifted its focus to 1.1400

After briefly bottoming out in sub-1.1300 levels, EUR/USD managed to regain traction and advance to the vicinity of the 1.1400 handle on the back of rising open interest and volume. The up move opens the door to a potential visit of recent tops in the 1.1470/80 band.