EUR futures: squeeze higher on the cards

According to CME Group’s preliminary figures for EUR futures markets, investors added just 852 contracts to their open interest positions on Tuesday vs. Monday’s final 509,792 contracts. In addition, volume increased by more than 5K contracts.

EUR/USD scope for a test of 1.1500

EUR/USD is up for the third consecutive session so far and the current rally carries the potential to extend to the 1.1500 neighbourhood amidst rising open interest and volume.