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May 28 - 05:55 AM

EUR/USD - Huge Expiries Contain, But EUR/USD Still Not Going Far

By Richard Pace  —  May 28 - 03:45 AM
  • Firmer USD keeps EUR/USD sub 1.2200 Fri - 1.2197-72 range (EBS)

  • Huge 2.6-billion 1.2200-25 strike option expiries/hedging cap nL2N2NF0B5

  • Option implied volatility consistent with low volatility/FX range trading

  • Recent daily lows and bids pre 1.2150, below opens 17 May low 1.2127

  • 10-dma 1.2200 resistance before Thurs 1.2215, Wed-Tues 5-mth highs 1.2262-66

  • UK/U.S. holiday weekend limits trade before big U.S data week nL2N2NE0MZ

  • Option premiums look cheap for those wanting hedges/protection nL2N2NE0MZ

For more click on FXBUZ


EUR=EBS Click here

Source:
Refinitiv IFR Research/Market Commentary

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