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Jan 23 - 03:55 AM

EUR/USD - Faces Big Option Resistance And Key PMI Data

By Richard Pace  —  Jan 23 - 02:55 AM
  • EUR/USD breached 1.0900 - closer to key 50% Fibo of 2021-2 drop at 1.09385

  • Option barriers and related defence from 1.1000 will add resistance above

  • Recent flows show cheap EUR call buyers with topside barriers nL1N33X0RI

  • This weeks focus is EU and US PMI data - favours EU to bolster EUR gains

  • Recent implied volatility setbacks cheapen options but have since stalled

  • High beta options can be attractive risk off hedge nL1N3450Q9

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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