EUR/USD options books showing heavy stops either side

21/10/2011 | 02:27 GMT

No big surprise here with options players happy to play the range but will be forced to cover their exposure on a break out of the range. Large stops reportedly below 1.3650 and above 1.3875, 1.3900 and 1.3950. My source in the options world says, in his opinion, it’s more likely to break up rather than down.

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