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Aug 05 - 03:55 AM

EUR/USD - Bulls Eye S-Term Fibo - Options Poised For More Gains

By Richard Pace  —  Aug 05 - 02:15 AM
  • EUR/USD trades relatively tight 1.1793-1.1821 range Wednesday

  • Solid demand on recent dips toward low 1.17's helps limit any setbacks now

  • Next resistance 1.1826 - 61.8% Fibo of Fri-Mon 1.1908 to 1.1695 drop

  • 76.4% is 1.1857 thereafter. Option markets stay poised for more EUR gains

  • Strong demand for EUR call options - prices long term highs nL1N2F6084



EUR=EBS Click here

1-3-12-month EUR/USD OPTION risk reversals Click here

Source:
Refinitiv IFR Research/Market Commentary

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