The strong rally in the euro this morning is running out of steam 5 Dec
Large option expiries at 1.0700 and 1.0750 today are helping to cap EURUSD as I warned in an earlier post and from 1.0730 we're now back to 1.0688 with other EUR pairs also lower.
Those at 1.0500 along with the barrier option we've been reporting were highly responsible for the Asian base.
Expect ranges to remain limited still for the moment.
USDCAD expiries at 1.3300 also in play.
Remember that these are "vanilla" options so still in play right up to expiry at 15.00 GMT on the day even if breached in the meantime, unlike barrier options.
For my latest post on how to use this info click here.
