Further to my options post earlier (now updated) we now have a EUR 2.2bln expiry at 0.7100
The price action so far tells us that it's very much in play with defence so far providing support at 0.7105 and rallies limited with downside pressure still
I noted before that the pair's retreat from 0.7157 o/n highs has given GBPUSD a bid and adding to downside move on EURUSD
One to keep an eye on. Don't forget it's they're vanilla options so even if breached they will still be in play until expiry at 14.00 GMT
Currently 0.7111
