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Mar 20 - 12:12 AM

EUR/USD - Pushing Higher On Short-Covering

By John Noonan  —  Mar 19 - 10:15 PM
  • EUR/USD above 1.0730 and up 0.40%, as shorts pare back

  • Market sold earlier down to 1.0653 before option related buying underpinned

  • Talk of a large 1.0650 option barrier encouraging shorts to pare back

  • AXJ equity index up 3.0% and alleviating the panic USD buying seen yesterday

  • EUR/USD resistance at former support at 1.0775/80






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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