EUR Futures: Dips remain shallow

Open interest and volume went down by around 1.2K contracts and by nearly 95.5K contracts, respectively, at the beginning of the week according to preliminary readings from CME Group.

EUR/USD remains side-lined near term

EUR/USD started the week on a negative note, although the move was accompanied by declining open interest and volume, in turn supporting the view that further pullbacks are expected to remain somewhat limited. That said, a move to the 1.0990 resistance region remains well on the cards for the time being.