Yes folks it’s here again, a pair pinned down right on a large option expiry. In this case EURUSD with EUR 886m at 1.3350 rolling off today at 14.00 GMT
These are vanilla options so both parties will have an interest to have it one side of the price or the other but more so the writer of the option usually to protect his earnings/premium paid by the other party.
As usual make of it what you want. Coincidence or design ? You can be the judge but for more info try reading this
We have a raft of US data at 12.30 GMT so let’s see what happens after that
Barrier options in place to be defended at 1.3325 and 1.3300 with stop loss selling expected below those levels if breached.
