• Well touted and large FX option barriers/defence reside from 1.1100

• They are expected at least every 50-pips thereafter through 1.1300

• There will also be a reluctance to enter renewed longs at range highs

• Market still entrenched within huge and sticky 1.09-1.11 expiry zone

• Suggests any further EUR/USD gains will remain hard fought

• Market hopes Fed and ECB might ignite conviction next week

• Big U.S. investment bank turns bullish on USD and targets 1.0300

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