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May 27 - 03:55 AM

EUR/USD - Contained By Big Options And Techs Again This Week

By Richard Pace  —  May 27 - 02:10 AM
  • EUR/USD clings near middle of a 1.08-1.09 range for the past 2-weeks

  • Huge option strike expiry hedging helps to contain - more this week

  • Tight UK/US holiday range 1.0846-59 Mon, recent daily highs are resistance

  • 16 May daily high 1.0895 caps, offers touted around 1.0900

  • 100-dma 1.0813 supports, rising 21-dma 1.0795 underpins

  • German IFO Monday, but main focus will be EZ HICP and U.S PCE Friday

  • Option implied vol by l-term low - signals low FX realised volatility risk

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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