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Dec 09 - 08:36 PM
EUR/USD - Hemmed In By Option Strikes Ahead Of Key Events
First appeared on eFXplus on Dec 09 - 06:15 PM
  • Large option strikes and maturities limiting the price action in EUR/USD

  • Range trading expected to continue ahead of FOMC and other key events nL4N28I0N9

  • Support @ 10-day MA @ 1.1055 - more @ 1.1046 where 21 & 100-day MAs converge

  • Sentiment remains bearish with sellers looking for a fresh catalyst

  • Resistance and sellers camped around 1.1100






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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