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Oct 07 - 04:55 AM

EUR/USD - Pressure Off EUR/USD Barriers, Focus NFP And Huge Options Above

By Richard Pace  —  Oct 07 - 02:50 AM
  • Broader risk recovery helps EUR/USD recover 1.1560s from 1.1529 Wed

  • Presence of huge 1.1500 option barriers a big impediment to deeper declines

  • Options market short below - break can reignite volatility nL1N2R20OE

  • However, option premiums ease from Wed's highs as FX pressure eases for now

  • Consolidation looks likely before NFP Friday - now captured by o/n options

  • Overnight implied volatility 8.0 - straddle break-even $38-pips either side

  • Huge 1.6-bln 1.1600 option expiry Friday will add resistance if reached




For more click on FXBUZ


EUR=EBS Click here

EURUSD option expiries Click here

Source:
Refinitiv IFR Research/Market Commentary

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