• EUR/USD on back foot on broadly strong USD, Asia 1.1607-17 EBS

• Higher crude, inflation concerns cited, despite hawkish ECB view

• EUR/USD off from 1.1654 high Wednesday, to 1.1592 low yesterday

• Back below 200-DMA at 1.1633 but still above 100-DMA down at 1.1558

• Spot also below 1.1614 200-HMA now, 100-HMA above at 1.1625

• Massive E6.7 bln option expiries today between 1.1500-1.1600 supportive

• Total E4.5 bln above between 1.1620-1.1725 to help limit moves up

• EUR/JPY off after early blip up to 179.53 EBS in Asia, off since to 179.15

• Still well above 177.86 low Tuesday after profit-takes by recent JPY longs

• Below 179.43 descending 100-HMA but at top of 178.67-179.26 hourly cloud

• Cloud still descending, break above Ichimoku cloud likely in short run

• EUR/GBP more buoyant after push up to 0.8600 yesterday, NY close 0.8595

• Descending 100-DMA above at 0.8699, support from ascending 100-HMA at 0.8589

• Some option expiries today n 0.8620-30 window just above

• EUR/CHF 0.9440-45 EBS, best since 0.9447 peak on August 18, 2025

• Carry demand seen remaining strong

• Some option expiries today at 0.9400, 0.9450 today, E730 mln at 0.9500

• Related comments , , ,

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

EUR/USD:


EUR/USD nearby option expiries into next week:


EUR/CHF:

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