eFXData

eFX Apex

The Institutional-Grade Data Hub

  • Plus: Discretionary Trades
  • Edge: Sentiment Trades
  • Alpha: Systematic Trades
  • Apex: Full Big Data Stream
TDUX
Oct 09 - 04:55 AM
–

EUR/USD - : Boxed In By Big Option Strikes Ahead Of Key Tech Levels 

By Richard Pace  —  Oct 09 - 03:39 AM

• Huge FX option strikes at 1.1200 (€1.8bln) and 1.1250-55 (€3.5bln) expire at 10-am New York cut Friday

• Soon-to-expire FX option attract the largest hedging flows and can add to support/resistance at the strikes

• EUR/USD currently trading well inside these option strike parameters so far on Friday - 1.1212-43 (EBS)

• Key tech support is Monday's 16-month low 1.1161, resistance at Tues recovery high 1.1276 and Fri's 1.1285 high

• 1.1290 is 23.6% Fibo retrace of 1.1711-1.1161 drop. Sellers touted 1.1310-30 - where French debt breakdown began Oct 1

• Option prices ease as spot consolidates into long US holiday weekend, but keep danger premium on the downside
EUR/USD daily chart (EBS)


(Richard Pace is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
By continuing to browse our site, you agree to our use of cookies, Privacy Notice, and Terms of Service.
© 2026 eFXdata · All Rights Reserved