The pair’s recovery is now focused on 1.1435 amidst the ongoing neutral tone, suggested FX Strategists at Scotiabank. Key Quotes “There were no data reports of much consequence from the Eurozone this morning but calmer markets generally have helped steady Italian bonds and narrow Bund/BTP spreads modestly (295bps for the 10Y spread). Spot’s rebound from a little above 1.1300, just above where the market based in August, is fueling speculation that a large option structure is being defended in the market. In addition, spot gravitate towards significant option expiries (1.14 strikes) for today and tomorrow”. “EURUSD rebounded nicely from the low 1.13 area yesterday, which was not too surprising, considering the importance of support around the figure area. Gains have extended through short-term trend resistance (now support) at 1.1330/35 but may be stalling as the North American session picks up (potential “evening star” reversal on the hourly chart). A push through resistance at 1.1435 and/or firm close to the week could give the EUR a little more support in the coming weeks”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Swiss-based Lykke Exchange supports Ripple (XRP) fiat trading pair FX Street 4 years The pair's recovery is now focused on 1.1435 amidst the ongoing neutral tone, suggested FX Strategists at Scotiabank. Key Quotes "There were no data reports of much consequence from the Eurozone this morning but calmer markets generally have helped steady Italian bonds and narrow Bund/BTP spreads modestly (295bps for the 10Y spread). Spot's rebound from a little above 1.1300, just above where the market based in August, is fueling speculation that a large option structure is being defended in the market. In addition, spot gravitate towards significant option expiries (1.14 strikes) for today and tomorrow". "EURUSD rebounded nicely from the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
