(Corrected headline)

• EUR/USD on back foot in Asia, 1.1523-31 EBS after fall from 1.1566 yesterday

• Well ensconced in 1.1451-1.1561 daily Ichimoku cloud, 100-DMA 1.1566 above

• Tracking away from 1.1536 200-HMA, 1.1539-48 hourly Ichimoku cloud

• Looking to test 1.1520 low yesterday?

• Massive nearby option expiries to help contain spot action again however

• 1.1400-95 E7.4 bln, 1.1500-25 E5.6 bln, 1.1530-95 E9 bln, 1.1600-65 E6 bln

• EUR/GBP also heavy, indicated 0.8541 after push down to 0.8533 yesterday

• Between 0.8520 daily Ichimoku kijun and 0.8557 daily tenkan

• In area of 0.8539 hourly Ichimoku tenkan and 0.8541 hourly kijun

• Nearby option expiries today between 0.8540-50, total E532 mln

• EUR/JPY 183.63-68 EBS, holding under 183.88 200-DMA, 183.94 high yesterday

• Holding above 182.62-183.49 hourly Ichimoku cloud

• E709 mln option expiries today between 183.00-40, E550 mln 183.90-184.10

• Still in recently higher range however, eyeing USD/JPY for direction?

• EUR/CHF outlier, remains bid on carry demand, Asia 0.9373-78 EBS

• Uptrend looking to continue for now

• Related comments , , also
EUR/USD:


EUR/USD nearby option expiries into next week:


EUR/CHF:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)