• EUR/USD holds tight range by huge 1.03 FX option expiry strike level pre NFP

• Jan 2/6 range 1.0225-1.0437 support/resistance. Big option barriers 1.0200

• Next-day expiry FX option premiums warn of excessive NFP related volatility

• Any sign of jobs weakness that hurts USD should attract EUR/USD sellers

• Tariff risk has been key to USD gains since U.S. election result

• Market could hear more on tariffs from Scott Bessent Thursday
EUR=EBS


EUR/USD FX option strike expiries Jan 9- 17

(Richard Pace is a Reuters market analyst. The views expressed are his own)