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Dec 07 - 04:55 AM

EUR/USD - 1.2200 Is A Barrier Too Far - For Now

By Richard Pace  —  Dec 07 - 02:50 AM
  • EUR/USD gains met defence/resistance ahead of large 1.22 option barrier

  • Implied volatility and additional premium for EUR calls has peaked for now

  • Option price action consistent with near term spot consolidation

  • However, implied volatility bought on dips, EUR call setbacks minimal

  • Dealers note continued demand for 1.24-1.25 strikes expiring in 1-3-months

  • Brexit risk and impending ECB meeting warrant near term caution nL1N2IN0B1




EUR/USD 1-3-12-month implied volatility Click here

Source:
Refinitiv IFR Research/Market Commentary

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