EUR/USD: Sizeable 1.3000 strikes later today

Author: Sean Lee | Category: Forex Orders

That normally means that the spot price gravitates towards the level and spends the rest of the session trading close to there.

Edit: Sorry I omitted the important word ‘expiries’. Large option expiries at 1.3000 at NY cut. This means there will be either longs/shorts at that level which if big enough, forces the spot rate towards that level.

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