EURUSD is finding itself pinned in on a number of fronts 23 Sept
As per my earlier regular post we have large EURUSD options rolling off today at 1.1200 and 1.1250 and that's helping to contain the pair.
Throw in some decent offers into 1.1225 and the usual cross-currency negating flows (EURGBP demand, EURJPY supply to name just two) and we're going nowhere fast around 1.1215 after the early move higher.
Remember that the options are "vanilla" so still in play right up to expiry at 14.00 GMT on the day even if breached in the meantime, unlike barrier options.
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Have a great week-end everyone and thanks as always for your brilliant support. I hope our combined efforts have helped make/save you a few pips.
