beginning of the week, this time by around 14.3K contracts according to preliminary figures from CME Group. Volume, too, went up for yet another day, now by around 14.2K contracts.
EUR/USD now looks to 1.1500 and above
Monday’s strong gains in EUR/USD came along rising open interest and volume, signalling that fresh buyers are entering the market and thus reinforcing the upside momentum. That said, the continuation of the rally is expected with the next target at the 1.15 neighbourhood and beyond.