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Jun 16 - 05:55 AM

EUR/USD - The Lack Of Cover For A EUR/USD Drop Below Parity Is Frightening

By Jeremy Boulton  —  Jun 16 - 03:35 AM
  • There are masses of EUR/USD options covering moves between 1.0400-1.1000

  • Cover thins below 1.0400 towards parity

  • There is very little cover for a drop below parity nL1N2Y30CT

  • EUR/USD has fallen 2000 pips since taper talk emerged, parity 400 pips away

  • If EUR/USD maintains its trend it will surprise most traders

  • Unexpected moves are often big and have a tendency to be disorderly

  • EUR/USD traders should prepare for a drop to parity and beyond nL1N2Y30C6


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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