FX Technical Volume Strategy: EUR/USD rises with volume

– Volume levels bounced back after Monday’s lull as investors continue to build on the positioning initiated at the end of last week.

– Bullish investor sentiment in EUR/USD is endorsed by the above-average volume that is accompanying up-days.

– CHF showed the highest volume of the G10 currencies, with investor interest skewed against EUR rather than USD as noted in the positioning relative to the 1-week average for EUR/CHF and CHF/USD.

– Up-days in AUD/USD over the past week are attracting above-average volume

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Barclays Capital