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European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Sep 19 13 08:36 GMT

European Session: Orders and Options Watch

EUR: Euro surged on dollar's broad-based weakness and offers at 1.3370, 1.3385, 1.3400-20, 1.3450 and 1.3480-1.3500 were filled, mixture of offers and stops at 1.3550 is now in focus, more offers are tipped at 1.3580, 1.3600 and 1.3625, sell orders are located at 1.3650-60 and further out at 1.3600 option barrier. On the downside, bids are now seen at 1.3500, 1.3485 and 1.3465, more buying interest is likely to emerge around 1.3450, 1.3425 as well as 1.3400-10. Option expires today include: 1.3350, 1.3400, 1.3420, 1.3430, 1.3450, 1.3475, 1.3480 and 1.3515.

GBP: Cable also rallied after FOMC, barrier at 1.6000 was tripped, offers at 1.6025 and 1.6050 were filled, however, some offers are still noted at 1.6155-60, further out at 1.6195-00. On the downside, bids are raised to 1.6100 and 1.6070 with stops placed below 1.6060, more buy orders are located at 1.6030-40 and 1.6000, mixture of bids and stops is located at 1.5960-65. Option expires today include: 1.5900 and 1.6070.

CHF: The greenback tumbled across the broad, although some bids are still noted at 0.9100, stops below 0.9090 are in focus but fresh demand should emerge around 0.9060-65 and 0.9050 with more stops tipped below latter level, followed by bids at 0.9020 and 0.9000. On the upside, offers are lowered to 0.9150, 0.9175-80 and also in good size at 0.9200, mixture of offers and stops is seen at 0.9220-30 but sizeable stops only emerging above 0.9250 and 0.9280. Option expires today include: 0.9200, 0.9245 and 0.9250.

JPY: Despite falling to 97.86 overnight after FOMC, the greenback found good support there and has rebounded since on active cross-selling in yen, offers at 98.70 were filled but sell orders are still noted at 98.90-00, 99.20 and 99.40-50, fresh selling interest is tipped at 99.80 and 99.95-100.00. On the downside, bids are now seen at 98.45-50, 98.25 and 98.00, more buy orders are located at 97.75-85 (stops below 97.80) but fresh bids should emerge at 97.65 and 97.50, fresh demand is seen at 97.30 and further out at 97.00. Option expires today include: 98.00, 98.25, 98.95, 99.00, 99.15, 99.50, 99.60 (large), 99.80, 100.00, 100.25 and 100.50.

 
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