• FX option pricing suggests EUR/USD losses may have run their course, for now

• Some profit taking on shorter dated downside strike options noted this week

• 1-month expiry implied volatility down 1.0 from l-term high at 8.8 Monday

• Premium for downside vs upside strikes on risk reversals already lower

• 1-week returns to neutral and 1-month is 0.6 from 1.1 peak USD calls 22 Nov

• Dealers also note some demand for near dated expiry strikes around 1.0600

• Large FX option strike expiries underpin spot, too, with more on Thursday

• 1.0300 FX option barriers may prove a tough nut to crack nL2N3N409L

• Assessing FX market impact of France's political crisis nL2N3N50BQ

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