We seem to be reverting to more “normal” market conditions this morning, paying attention to mundane events like options expiries which have been lost in the shuffle in recent weeks. Case in point: there were option expiries at 1.3630 and 1.3650 at on EUR/USD at 10 am New York time and we gravitated right toward those levels before easing. Business as usual, it would appear.
EUR/USD has slipped back amid offers in the 1.3655/60 region and now trades at 1.3610.
