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Thomson Reuters
Oct 31 - 05:00 AM
EUR/USD - Bears Eye Key Fibo Below 1.1300 Option Barriers
First appeared on eFXplus on Oct 31 - 03:15 AM
  • Lack of bounce leaves EUR/USD bias firmly on the downside
  • Huge month-end dollar demand has been supporting the greenback
  • Option barriers @ 1.1300 in focus with stops below the target for bears
  • Last day of month. Bears need quick break or risk profit-taking ahead NFPs
  • Below 1.1300 exposes 61.8% retracement of 1.0340-1.2556 rise @ 1.1187
  • Hedging for EUR 3.7 billion expires to exert big magnetic pull today

Source:
Thomson Reuters IFR Markets

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