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Oct 30 - 06:55 AM

EUR/USD - Beware Month End Flow And Downside Tech Levels

By Richard Pace  —  Oct 30 - 05:00 AM
  • EUR/USD hit 1.1650 lows Thursday, trades 1.1665-1.1694 Friday

  • Key support at 100-dma 1.1654 - close below could see deeper drop

  • Next support Sept range lows 1.1613, and 1.1600 option barrier defence

  • So far however, flows mixed, sellers are lacking conviction

  • Similar story in FX options - risk priced high but flows light nL1N2HL0FH

  • Many players side lined pre U.S election - volatility risk nL1N2HK0MB

  • Offers touted above 1.1700, thick daily cloud adding to resistance there

  • Beware month end fix flows with a lean toward USD demand nL1N2HK0OY



EUR=EBS Click here

Source:
Refinitiv IFR Research/Market Commentary

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