I was warning earlier about getting too carried away by Draghi's impact and now EURUSD demand is making its own impact elsewhere
EURUSD is back up to 1.0695 after holding support lines around 1.0660 again and with EURGBP failing to make much headway higher off its own support levels into 0.6980 we've seen GBPUSD once more hold onto the 1.5250-60 demand area and now looking to test 1.5300 offers/res again
Yesterday in the US session we saw a spike higher above 1.5330 but gains were limited by the 1.5342 200DMA. EURUSD has option interest in play again today with large expiries at 1.0700 and 1.0735. I have little doubt that yesterday's defence of 1.0650 interest was instrumental in that area holding and helping the rebound back through 1.0700 to post 1.0739 highs
Hearing talk also of GBPUSD DNT (barrier) options at 1.5000-1.6000 and 1.5000-1.5500 but due to expire before the FOMC meeting
As I've said a few times lately intra-day traders should be loving this on-going two-way business across a whole range of pairs, as long as you don't get too greedy
Currently EURUSD 1.0696 GBPUSD 1.5297 EURGBP 0.6993
