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Aug 10 - 03:55 AM

EUR/USD - Three-Billion 1.1800 EUR/USD Option Can Dominate Price Action

By Richard Pace  —  Aug 10 - 02:10 AM
  • DTCC data shows EUR 3-billion 1.1800 option expiries for NY cut nL1N2FC03I

  • Hedging of options has tendency to draw price action as expiry approaches

  • 3-billion is huge, thus related hedging more likely to dominate Monday

  • EUR/USD trades tight 1.1778-1.1794 range so far Monday

  • 1.1755 was Fri's post NFP setback low (now support) from 1.1846 pre data

Source:
Refinitiv IFR Research/Market Commentary

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