Once again we have large forex option contract expiries in play 4 May
As per my regular daily post, and a few reminders since, we have large EURUSD 1.0950 option contracts rolling off today at 14.00 GMT.
Highs so far of 1.0941 and currently 1.0926 the 1.0950 level has been well defended lately and failure to break through may yet see today's euro demand tail off as, indeed, it currently is.
Should we tumble for any reason then there's a defence of 1.0850 expiries to be defended too.
Remember that these are "vanilla" options so still in play right up to expiry at 14.00 GMT on the day even if breached in the meantime, unlike barrier options which cease to be once hit.
For my latest post on how to use this info click here.
