The euro is seeing contained ranges as we wait for the ECB at 13.30 GMT
In addition to the ECB uncertainty we also have some large EURUSD option expiries rolling off at 15.00 GMT
EURUSD 1.0850-60 ( EUR 1bln) 1.0870 (383m) 1.0900 (335m) 1.0925 (432m) 1.0950-60 (1.2bln)
Remember that these are vanilla and hence still in play right up to expiry regardless of being breached prior or not.
Unless we get a real news bomb from Draghi that takes us well outside the current 1.0900 median expect these expiries to make some impact as the presser dust settles.
EURUSD currently 1.0904
For more on how to use this option info click here
