Currently 105.01 after 104.65 lows
Yesterday around 105.50 I warned that the 105.00 barrier option was coming off today and that might encourage sellers further and said rally-sell into 106.00 was the way forward.
Well we got up to 105.80 before fading so opportunities to be had. I may not do funny coloured lines on graphs but with 38 years trading FX I hope some of you read my words at least.
Barrier still in place at 104.00 to provide some support for the moment and some end of week money coming off the table. Option expiry interest again at 106.00 to help cap.
Offers: 105.00-05 105.20 105.30-35 105.50 105.85 106.00 106.20 106.50
Bids: 104.65 104.50 104.30 104.20 104.00 103.85 103.50
