EURUSD under the influence of large option contracts rolling off today 9 Sept
As per my earlier daily post we have a number of large option expiries in EURUSD today for the 14.00 GMT cut-off.
Immediate shadow being cast and borne out by support at 1.1250 (EUR 2.15bln) and resistance at 1.1300 (1.15bln) with more at 1.1215-25 (742m) and 1.1315-25 (737m).
Currently stuck around 1.1270
On USDJPY we have expiry-led demand at 102.00 and supply at 102.50
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.
For more on how to use this info click here.
