EUR/USD continues to trade within well established ranges

Without U.S. election volatility would probably be much lower

The influence of option expiries increases in listless markets

Hedging related to expiries has a magnetic, anchoring effect

The larger the expiry, the greater its attraction

There are huge numbers of options within 1.0500-1.10

On Tuesday there are EUR 3 billion options expiring at 1.0800

Almost EUR 6 billion expire Tuesday between 1.0780 and 1.0885