EUR futures: recovery could extend further

In light of preliminary figures for EUR futures markets from CME Group, traders added nearly 3.9K contracts to their open interest positions on Thursday from Friday’s final 482,811 contracts. In the same line, volume increased sharply by almost 126.4K contracts.

EUR/USD remains bid near 1.1600

The rally in EUR/USD remains well and sound so far this week. Yesterday’s uptick was in tandem with rising open interest and volume, opening the door for a continuation of the bull run for the time being.