EUR/USD might be caught in a bind amid large option expiries this week

Current worth motion in itself continues to revolve across the 1.1000 deal with and contemplating the choice expiries within the subsequent few days, we would see an absence of significant conviction to interrupt free from both facet of the determine stage.

(I am having Workplace/Excel points so the FX possibility expiries publish as we speak might take some time to come back up)

This is a take a look at what’s on the board for the pair within the subsequent few days:

– 1.0950-60 (€1.3bn)
– 1.0975 (€1.1bn)
– 1.1000 (€2.8bn)

– 1.1000 (€2.4bn)

– 1.1000 (€3.1bn)

Contemplating the big expiries at 1.1000, we might see worth motion be caught and muddied across the area, with merchants unable to provide a lot conviction. Including to that’s the 100 and 200-hour shifting averages, now seen @ 1.0993 and 1.1018 respectively.

After all, there are different components at play that might push worth motion away from the 1.1000 stage however the above is one thing to be cautious of in case there’s a lack of significant drivers within the classes forward.

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