• EUR complex holding mostly bid in light Asia trading, EUR/CHF exception?
• EUR/USD 1.1715-39 EBS in Asia, off some from 1.1745 high Friday
• High Fri best since Sept '21, high then 1.1909, resistance ahead from 1.1800
• EUR/USD may be headed towards descending 200-MMA at 1.2005
• Seems no end to current uptrend despite another jump in IMM CTA EUR longs
• Holding for now above 1.1667-1.1701 hourly Ichimoku cloud, 169.22 100-HMA
• Option expiries today 1.1650 E3.2 bln, 1.1700 E2.4 bln, 1.1750 E1.7 bln
• Also 1.1775 E956 mln, 1.1800 E1.4 bln, chunky expiries in between too
• Nearby option expiries likely to continue to help contain spot action
• EUR/JPY 169.00-60 EBS, down from 169.80 high Friday but uptrend intact?
• High Fri best since July 23 '24, high then 171.05, 170.00 resistance still
• Support from area of 169.22 hourly Ichimoku kijun, cloud 168.65-169.01 below
• EUR/GBP indicated at 0.8542, on hold below 0.8574 high June 23
• Holding for now above 0.8527-37 hourly Ichimoku cloud, cloud descending
• Some nearby option expiries today, stand-out E560 mln between 0.8420-50
• EUR/CHF in contrast heavy, Asia 0.9361-68 EBS, closer to recent lows
• Near base of 0.9359-0.9443 daily Ichimoku cloud, 200/100-DMAs 0.9395/0.9412
• Holding below 0.9375-78 hourly Ichimoku cloud, 100/200-HMAs 0.9375/87
• Related comment , also
• EUR/JPY comment , also
• Trump on trade with Europe , for more click on [FXBUZ]
EUR/USD hourly:
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(Haruya Ida is a Reuters market analyst. The views expressed are his own)