Strong Support For Euro at 1.0735 Before Option Expiry Tomorrow
Whispers around that big money buyers were seen around at 1.0735 on its move south this morning.
There’s a big (EUR 3.2bln) expiry at 1.0725 tomorrow and appears to be providing some sort of defence demand at the moment along with some cited profit-taking
Rallies are still likely to be sold
Other sources saying that some of the bids on Euro have been withdrawn, so trade with caution