• EUR/USD heavy in Asia, 1.1629-36 EBS in sleepy trading

• Back below daily Ichimoku cloud between 1.1644-1.1702

• Also mostly below hourly Ichimoku cloud between 1.1636-56

• 100-HMA in cloud at 1.1638 above, 200-HMA in area of spot at 1.1631

• Middle East impasse a drag on EUR/USD despite ECB rate hike expectations

• In options, expiries today on 1.15 total E2.5 bln, 1.1600-30 E3.1 bln

• Between 1.1640-95 total E2.9 bln and massive E12.1 bln up on 1.17

• Option expiries today again look to contain spot action

• EUR/GBP heavy too, 0.8644-45, range since May 25 0.8619-0.8681

• E941 mln in option expiries today just above at 0.8710 strike

• EUR/JPY in contrast buoyant though in stasis still, 185.42-95 yesterday

• Looks to be in area still today in 184.39-186.21 daily Ichimoku cloud

• EUR/CHF too between 0.9150-55 EBS, in 0.9123-98 hourly Ichimoku cloud

• Resistance from descending 100-HMA at 0.9167 however

• Related comments , , also
EUR/USD:


EUR/USD nearby option expiries this week:


Euro zone inflation and ECB interest rates:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)