posrednik
[12:56 EUR/USD: Carving Out Fresh Lows, Options To Provide Support] New York,
July 30: Word of selling from US CTAs is driving EUR/USD lower today, but with
options expirations at 1.1400 today at 1400 GMT, downside progress is expected
to slow. An Asian name is said to be protecting a 1.1350/1.1550 DNT that rolls
off on Friday, so any slide will be met with buyers. Support at 1.1380/85
(channel and Fibo support of 1.1549/1.1115) will likely hold on the first test,
but large buyers are noted between 1.1350/70 as well. The fall is looking a bit
overextended, so we expect a minor bounce from the next attempt to drive prices
below 1.1375/80. --
[12:56 EUR/USD: Carving Out Fresh Lows, Options To Provide Support] New York,
July 30: Word of selling from US CTAs is driving EUR/USD lower today, but with
options expirations at 1.1400 today at 1400 GMT, downside progress is expected
to slow. An Asian name is said to be protecting a 1.1350/1.1550 DNT that rolls
off on Friday, so any slide will be met with buyers. Support at 1.1380/85
(channel and Fibo support of 1.1549/1.1115) will likely hold on the first test,
but large buyers are noted between 1.1350/70 as well. The fall is looking a bit
overextended, so we expect a minor bounce from the next attempt to drive prices
below 1.1375/80. --
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