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EURUSD is down 0.47% in early trade

EUR
  • EURUSD touches session low, USD remains fairly bid in G10s, DXY edges towards best levels.
  • USD leads against the EUR up 0.47% in G10.
  • Recall, noted yesterday decent option expiry at 1.1550 (1.1bn), which may act as a magnet.
  • Technically support is seen at 1.1535, but better is seen at 1.1524.
  • Recall that good demand ahead of 1.1500 was seen last Month and this month, in spot as well as expressed via option put sellers.
  • The last time we traded below 1.1500 was over a year ago in July 2020

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