By Richard Pace — May 17 - 04:40 AM
The latest EUR/USD setback met demand by 10 April 1.08315 low (EBS) on Wed
Big option strike expiries nearby with related cash hedging aiding support
1.4-billion euros between 1.0810-25 and 590-million 1.0795 expire Wednesday
Another huge 1.9-billion between 1.0810-20 expire 10-am New York Thursday
Big support at 1.0806 - 50% Fibo retrace of 1.0516 to 1.1096 Mar-Apr gains
FX options reflect FX downside risk but expect volatility to stay very low
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary