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TDUX
Jul 29 - 01:55 AM

EUR/USD - Sees Some Bounce But Still Heavy, Crosses Buoyant

By Haruya Ida  —  Jul 28 - 11:38 PM

• EUR/USD up from 1.1354 EBS low yesterday but still heavy, Asia 1.1383-96

• Market on tenterhook ahead of FOMC tonight, hike would send EUR/USD down

• This despite growing expectations of an ECB hike this fall

• Daily Ichimoku tenkan 1.1402, kijun 1.1403 just above

• Descending 200-HMA 1.1403 above too, 100-HMA 1.1385 below, cloud 1.1382-91

• In option expiries today, between 1.1300-55 E5.4 bln, 1.1360-95 E949 mln

• Between 1.1400-40 above, total E3.2 bln in expiries, effective cap?

• EUR crosses buoyant and mostly holding bid

• EUR/JPY well bid, 186.42-56 EBS, above 186.27-42 tapering hourly Ichi cloud

• EUR/CHF 0.9324-32 EBS, high today best since 0.9350 on January 14

• EUR/GBP bid too, 0.8570-73, best since 0.8617 July 1 on way down to 0.8455

• Nearby option expiries 0.8525 E547 mln, 0.8575 E667 mln, 0.8600 E347 mln

• Related comments , , , also
EUR/USD hourly:


EUR/JPY hourly:


EUR/CHF hourly:


(Haruya Ida is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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