EUR futures: further gains on the cards

According to preliminary figures for EUR futures markets from CME Group, investors added around 1.3K contracts to their open interest positions on Wednesday vs. Tuesday’s final 528,376 contracts. On the other hand, volume contracted by more than 48k contracts.

EUR/USD still targets 1.1400 and above

Yesterday’s negative performance in EUR/USD was on the back of a small build in open interest, while the sharp drop in volume removes tailwinds from occasional retracements and leaves the door open for a continuation of the up move in the near term.