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In light of preliminary readings from CME Group, open interest rose by almost 3K contracts on Wednesday. In the same direction, volume rose by around 20.2K contracts.

EUR/USD stays supported around 1.0980 so far

EUR/USD’s drop and rebound from sub-1.10 levels on Wednesday was in tandem with increasing open interest and volume. Despite the bearish stance looks unchanged in the near-term, a convincing breakdown of the 1.10 support looks unlikely.