• EUR/USD recovers 1.1625 Tuesday since the post US Fed chair Warsh inspired drop from 1.1660-1.1578 Friday

• The 100-dma at 1.1570 underpins, while the 200-dma at 1.1634 adds resistance to the current range

• Big FX option expiries and related hedging flows help contain FX as London returns from a bank holiday weekend

• €4.2 billion strikes between 1.1580-1.1600 and €1.5 billion 1.1625-35 expire at 10-am New York/14.00 GMT Tuesday

• More 1.1600 strikes expire all week, with hedging likely to contain EUR/USD in the absence of any fresh catalysts

• Market may stay sidelined into Friday's US jobs data, leaving FX option hedging flows dominant near term
EUR/USD daily chart (EBS)

EUR/USD FX option strikes expiring between September 1-4 Click here

(Richard Pace is a Reuters market analyst. The views expressed are his own)