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According to preliminary figures for EUR futures markets, investors significantly trimmed their open interest positions by around 46.6K contracts on Wednesday from the previous session. Volume, instead, rose by around 72.6K contracts after four consecutive daily drops.

EUR/USD further gains looks unsustainable

EUR/USD broke above the 1.1400 handle and clinched fresh tops in the 1.1450 region in the wake of the Fed meeting on Wednesday. However, the sharp drop in open interest warns against the continuation of the up move, at least in the short-term horizon.