EUR Futures: Potential rebound on the cards

Open interest in EUR futures markets rose by around 4.1K contracts on Tuesday, resuming the uptrend after Monday’s small drop, all according to preliminary data from CME Group. In addition, volume went up by around 13.8K contracts, extending the choppy performance.

EUR/USD faces interim resistance around 1.0990/80

EUR/USD closed Tuesday’s session on positive ground after six consecutive pullbacks amidst rising open interest and volume. That said, a potential near-term rebound could be in the offing with the interim target at the 1.0990/80 band.