Trial now
US EURODLR OPTIONS

Late Put Trade

USDJPY TECHS

Holding Above Support

TURKEY

Erdogan Maintains Unchanged Stance On S-400s

EURO SUMMARY
EURO SUMMARY: Eur/Usd: Asia open $1.1759, range $1.1733-70. Europe open $1.1736,
range $1.1711-41.
* Recovery off Wednesday low of $1.1689 extended to $1.1770 in early Asia, the
move up seen on Tokyo demand for Eur/Jpy into fix.
* Rally ran into reported profit take/momentum players sell interest which
countered. 
* Rate reversed tack and fell away to $1.1732 ahead of the European open. 
* Rate touched $1.1741 at the Europe open then continued lower, touched an
initial low of $1.1716. 
* Recovery to $1.1735 proved short lived as Eur sales emerged, led by Eur/Gbp
then Eur/Jpy, which pressed rate to $1.1711. 
* Recovery efforts off this low remained shallow and were seen keeping focus on
the downside.
* Bids reported into $1.1700, a break to expose Wednesday low of $1.1689. Strong
demand then noted into $1.1680.
* Traders still look for opportunity to buy deeper dips into $1.1650/25. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com