EUR futures: scope for further recovery

CME Group’s preliminary figures for EUR futures markets showed open interest rose by almost 9K contracts on Thursday from Wednesday’s final 525,360 contracts. Volume followed suit, up by around 23.1K contracts.

EUR/USD could move and test 1.1500

EUR/USD is up for yet another session and is looking to consolidate the rebound from fresh 2018 lows in the 1.1300 neighbourhood. Recent build in open interest and volume coupled with rising prices could allow for a visit to the 1.1508/10 band.