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Thomson Reuters
Jul 13 - 07:24 AM
EUR/USD - Expiries May Cap EUR/USD Before Stops Below 1.1591 Attract
First appeared on eFXplus on Jul 13 - 05:20 AM
  • EUR/USD accelerates lower to 1.1613 after breaking below 21-DMA 1.1651
  • Large option expiries may now work to cap following recoveries
  • EUR 1.2 bln vanilla expiries @ 1.1650 and EUR 856mln 1.1665-80
  • May be few opportunities CB looking to rebalance USD/EM interventions
  • EUR/USD traders are still net long and also disposed to sell strength
  • Corp and option demand supports ahead 1.1600, stops below Jul 2 low 1.1591

EUR/USD daily Click here

Source:
Thomson Reuters IFR Markets

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