There are fundamental and technical reasons why EUR/USD could climb in coming sessions and traders can use a simple option to capture this rise.

EUR/USD has edged higher as the market continues to come to terms with a hung parliament in France, which points to political gridlock but lessens fiscal concerns stemming from outright far-right or leftist victories.

Spot has been buoyed by the daily cloud that currently spans the 1.0759-1.0824 region.
The scope is growing for much bigger gains to retest the 1.0857 Fibonacci level, a 76.4% retrace of the 1.0916 to 1.0666 (EBS) drop.
Especially as 14-day momentum remains positive, reinforcing the overall bullish market.

Those who want to capture a short-term EUR/USD rise could buy a one-week 1.0850 EUR call option at a cost of 28 pips, priced with spot at 1.0840.
Profit potential is unlimited if spot is above the 1.0878 break-even point at the July 18 expiry.
Losses are limited to the 28 pips premium paid.

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