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Apr 25 - 04:55 AM

EUR/USD - FX Option Positions Remain A Significant EUR/USD Impediment

By Richard Pace  —  Apr 25 - 02:50 AM
  • 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

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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