• EUR/USD holding in recent lower range but bid in Asia, 1.1408-26 EBS

• But still between 1.1325 on June 24 and 1.1482 July 15, range to continue?

• Techs shifting a bit though with daily Ichi kijun crossing below tenkan

• Flat tenkan at 1.1429 and descending kijun at 1.1426

• Hourly chart shows spot breaking above 1.1408-23 Ichimoku cloud

• Tenkan rising and at 1.1416, kijun 1.1411 below

• Option expiries today again likely to help contain spot action however

• Between 1.1325-90 total E3.2 bln, 1.1400 E2 bln, 1.1405-45 E1.6 bln

• Between 1.1450-95 above total E5.4 bln, 1.1500-10 E2 bln

• EUR/JPY highest since 187.55 on April 30, Asia 186.18-34 EBS

• Expectations ECB may revert to a more hawkish stance likely behind rise

• EUR/GBP buoyant, Asia 0.8533-34, rebounding from 0.8455 July 15

• Smattering of option expiries today between 0.8450-0.8500, 0.8560-0.8600

• EUR/CHF also bid, 0.9291-97 EBS, highest since 0.9299 Jan 22, 0.9308 Jan 21

• Some option expiries today at 0.9060 and 0.9350 strikes

• Related comments , , ,

• And , , also , also on ECB
EUR/USD:


EUR/JPY:


EUR/GBP:

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