- Barrier options noted 1.4530, 1.4550 and 1.4600
- Reasonably heavy stops above 1.4530
- Solid bids near 1.4410 and again near 1.4380
- Light stops below 1.4400; stops getting heavier below 1.4350
Heavy option protection was seen near 1.4520 with China also actively selling, but same names seen buying dips in late NY trade near 1.4420. Easy money if you can get it!
These types of markets (with lots of barriers in play) generally favour range trading and my best guess at the outside range edges would be 1.4375/1.4550.