• EUR/USD heavy in Asia, 1.1101 to 1.1067 EBS after fall to 1.1082 yesterday

• Lowest now since 1.1065 trough May 12, 2025, break projects test of 1.1000

• Break below 1.1000 could seen tests towards 1.0880 trough on April 7, 2025

• Optionality at 1.1000 seen large, barriers also very possible

• Resistance now eyed at 1.1100 and at 1.1170 high yesterday

• Option expiries today to help cap upside, between 1.1100-85 total E13.2 bln

• Large in area too, between 1.1070-95 E3.2 bln, below 1.1015-60 E1.6 bln

• Another E1.3 bln between 1.1095-1.1000 strikes

• USD broadly bid and leading to weakness in most major FX pairs

• Bounce in crude oil prices, rising expectations of Fed hikes cited

• EUR/JPY 177.18 to 176.83 EBS, towards 176.29 trough last Friday?

• EUR/GBP heavy too, 0.8350-59, towards 0.8323/24 double bottom Nov 5/Oct 30?

• EUR/CHF fades after push up to 0.9248 yesterday, Asia 0.9227-36

• EUR/GBP, EUR/CHF see option expiries today at 0.8315/75, between 0.9200-15

• Related comments , , ,

• And , , also , for more click on [FXBUZ]

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