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Jul 13 - 04:55 AM

EUR/USD - Prudent To Hedge For Imminent EUR/USD Drop Under Parity

By Jeremy Boulton  —  Jul 13 - 03:00 AM
  • A parity break was prevented by the successful defence of option barriers

  • Only barriers close to their expiry are worth defending

  • The may have already rolled off or will do very soon

  • There is little chance of barriers to defend on a daily basis

  • With barriers removed there is a high probability of a break

  • Today's U.S. CPI data is a likely trigger for a break nL1N2YU0BP

  • Next target for drop driven by U.S. policy is 0.9828



Source:
Refinitiv IFR Research/Market Commentary

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