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Oct 26 - 03:55 AM

EUR/USD - Six Billion Euros Keeping EUR/USD Near 1.1600

By Richard Pace  —  Oct 26 - 02:09 AM
  • EUR/USD drop from 1.1670 Fibo stalls 1.1591 Mon, trades 1.1597-1.1612 Tue

  • There are 6-billion euros of option strikes expiring Tues-Fri 1.1590-1.1615

  • Related hedge flows will be larger and can help contain/support EUR/USD

  • FX also likely to be subdued ahead of ECB and its dovish potential Thurs

  • Option premiums remain on the downside, but are well below recent highs

  • Dovish risks noted, but options say any deeper declines likely a grind

  • 12 Oct lows 1.1522 lows and huge 1.1500 option barriers significant hurdles

  • Related comment nL1N2RL1EG





For more click on FXBUZ


6-billion euros of strikes around 1.1600 expire this week Click here

EUR/USD 1-3 month expiry option risk reversals Click here

Source:
Refinitiv IFR Research/Market Commentary

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