• Huge €3-billion 1.1500 fx option strike expiry at 10-am New York/14.00 GMT Friday - more strikes surround

• Related hedging flows can help draw/contain FX. DTCC traded options data shows plenty more at 1.1500 next week

• EUR/USD hit low since late July at 1.1456 post Fed and consolidates higher - 1.1475-92 (EBS) Friday

• Daily cloud now above spot to provide tech resistance but EUR/USD appears to lack downside impetus

• FX option implied volatility at long term lows with a very small downside over topside strike premium

• Price action consistent with ongoing low volatility within longer term range, with a mild downside lean
EUR/USD daily chart (EBS)


EUR/USD FX option strike expiries Sept 18-25

(Richard Pace is a Reuters market analyst. The views expressed are his own)