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EUR/USD Heads Into NY Hours at Best Levels of the Session

  • EUR/USD heads into the NY crossover at the best levels of the session, with markets shrugging off the brief spell of USD strength that followed a downtick in equities.
  • Pair is now narrowing the gap with 1.0960, the Monday high, but sizeable option expiries rolling off at today's cut could act as an anchor ahead: over $2.2bln notional is set to roll off between 1.0925-41 at today's NY cut.
  • GBP/USD also moving similarly, receiving the extra tailwind from the solid jobs report ahead of the open today. Next GBP/USD resistance crosses at 1.2739 ahead of the 50-dma of 1.2775.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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