EUR/USD options retain solid premium for EUR calls vs puts (topside strikes)

Risk reversals reflect that premium - 0.4 in 1-month, 0.2 in 3-month expiry

Setback from early Dec peaks at 0.6 and 0.4 met fresh demand before X-mas

However, market long, demand tame - gains wont be a breeze nL1N2IW0KK

Outright EUR call strike demand late 2020 saw good demand for call spreads

Target levels through early 2021 at 1.25 - many were free bets nL1N2IP0OI