EUR futures: up move poised to extend further

According to preliminary figures for EUR futures markets from CME Group, investors added more than 1K contracts on Tuesday from Monday’s final 531,821 contracts. In the same line, volume rose significantly by almost 108.4K contracts.

EUR/USD now looks to 1.1630

EUR/USD keeps the recovery well and sound amidst increasing volume and open interest, a bullish sign that now allows for a potential visit to the 1.1630 region, levels last seen earlier in the month.