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EURUSD drifts towards 1.0700.

CROSS ASSET
  • USD takes another leg higher, EURUSD just loses a few more pips and eye the 1.0700 figure.
  • Recall, there's 1.82bn worth of option expiry for today at 1.0700, could act as a magnet.
  • As noted on the open USDSEK, target Yesterday's at 11.1414, highest print since November.
  • Further upside momentum, opens to 11.20 and 11.2416, the November high.
  • Emini through the lows, likely helping the USD.

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