EUR/USD: Option plays still the dominant factor

Author: Sean Lee | Category: News

No change in the prognosis here with heavy demand below 1.3850 providing a base overnight and there is also talk of barriers at 1.3800 which will be protected. With the topside also heavy with option-related selling, we can expect more range trading for the next couple of weeks.

The EUR is a bit of a mixed bag on the crosses, resurgent against the CHF but looking heavily overbought against the GBP, so no big directional hints coming from any of the cross pairs.

Keep your range trading hats on until some new developments change the landscape.

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