EUR futures: recovery has further legs

In light of preliminary figures for EUR futures markets from CME Group, traders added more than 5.1K contracts to their open interest positions on Tuesday from Monday’s final 475,107 contracts. In the same direction, volume rose significantly after two consecutive drops, this time by around 51.3K contracts.

EUR/USD supported near 1.1500

EUR/USD dropped to and rebounded from the critical support in the 1.1500 neighbourhood on Tuesday. The bounce off lows came along rising open interest and volume, opening the door for a continuation of the recovery in the near term.