According to CME Group’s advanced figures for EUR futures markets, investors added around 16.8K contracts to their open interest position on Thursday vs. Wednesday’s final 549,540 contracts. In the same line, volume rose to its second largest level so far this year above 751K contracts, up by more than 231K from the previous day and recording the third build in a row.
EUR/USD now targets 1.1745/50 ahead of 1.1790
The rally in EUR/USD is clinching its fifth session in a row today, retaking the 1.1700 handle and above amidst rising volume and open interest. This clear bullish sign paves the way for a potential visit to the 1.1745/50 band in the near term.