EURUSD is holding 1.1200 for the moment 7 June
As per my earlier daily post and various references we have large contracts rolling off today at 1.1200.
The ECB rumour-related fall from 1.1200 has tested that level but currently now back to 1.1224 from 1.1204 and that tells me the level will be tough to breach ahead of the 14.00 GMT expiry.
Conspiracy theorists may even suggest that the move down was engineered to try and keep 1.1200 within closer reach by those with an interest to have it below there come expiry. Stranger things have happened in FX. In either case the level has become a key one in recent sessions.
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. The actual amounts can change right up to expiry.
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