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Nov 10 - 05:55 AM

EUR/USD - These EUR/USD Option Trades May Give Bulls Cause For Hope

By Richard Pace  —  Nov 10 - 03:45 AM
  • EUR/USD option price action consistent with n-term range trade nL1N2HW0HB

  • However, outright flows may give EUR/USD bulls cause for hope

  • Plenty of demand to cover EUR/USD gains, although a longer term trade

  • 3-6-month 1.20 versus 1.25, and similar EUR call spreads are being bought

  • Owners would benefit from EUR/USD gains up to the higher strike by expiry

  • Early London Tuesday saw 6-month 1.22 versus 1.2700 paid on fair size

  • Recall last week - French bank suggested 1.30 longer term nL1N2HL13W



EUR=EBS Click here

Source:
Refinitiv IFR Research/Market Commentary

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