EUR futures: dips should be short-lived

In light of preliminary figures for EUR futures markets from CME Group, investors trimmed their open interest positions by 227 contracts on Wednesday from Tuesday’s 499,721 contracts. In the same line, volume dropped by almost 35.8k contracts.

EUR/USD expected to meet support at 1.1570

EUR/USD is falling for the third session in a row on a robust pick up of the sentiment around the greenback. Yesterday’s down move was in tandem with shrinking open interest (albeit by marginal levels) and volume, which should leave dips limited amidst the broader sideline theme.