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Oct 30 - 06:12 AM
EUR/USD - Don't Waste Cash Betting On A EUR/USD Breakout
First appeared on eFXplus on Oct 30 - 04:00 AM
  • EUR/USD trading a range close to 1.09-1.12 and is very unlikely to break it

  • Pair traded lower reaching 1.0879 start Oct then jumped nL2N27F041

  • Pair topped 1.1180 Oct 21 and is rising again ahead today's Fed meeting

  • At the same time volatility has sunk close to record lows

  • Option traders don't often get it wrong, and very rarely get it very wrong

  • Vols say don't bet on a break. Move far beyond 200-DMA @ 1.1199 unlikely















EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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