EUR futures: rally could extend further

In light of CME Group’s preliminary figures for EUR futures markets, open interest rose by around 20K contracts on Monday vs. Friday’s final 499,537 contracts. In the same line, volume went up by more than 23K contracts, reverting two consecutive daily declines.

EUR/USD scope for a re-visit to 1.2500 and above

EUR/USD has started the week on a positive footing and supported by rising open interest and volume, a bullish signal that open the door for a potential test of t he 1.2500 neighbourhood and YTD tops near 1.2560.