- EUR/USD one-month 25 delta risk reversals rose to -0.6 – the highest level since June 12.
- The data indicates falling demand for EUR puts, adds credence to a short-term bullish reversal in EUR/USD spot.
The EUR/USD one-month 25 delta risk reversals (EUR1MRR) rose to a one-month high of -0.6 vs. the recent low of -1.1 seen on June 19.
The rise from -1.1 to -0.6 represents falling implied volatility premium for EUR puts or fall in demand for EUR puts (bearish bets) and validates the short-term bullish reversal, as indicated by the EUR/USD technical charts.
EUR1MRR