• EUR/USD rallied to 1.1620 EBS yesterday, Asia to 1.1624 before off to 1.1607

• Holding for now between 100-DMA at 1.1569 and 200-DMA above at 1.1634

• Also holding in 1.1601-18 hourly Ichimoku cloud, descending 100-HMA 1.1632

• Option expiries today to again help contain spot action

• Between 1.1500-95 E5.4 bln, at 1.1600 E2.3 bln, 1.1625 to 1.1700 E5.2 bln

• EUR/JPY 185.46-62 EBS, at top of 184.92-185.47 daily Ichimoku cloud

• Below 185.62 100-HMA, 185.66-70 hourly Ichimoku cloud, above 185.15 200-HMA

• EUR/GBP indicated 0.8574, in 0.8536-92 tapering daily Ichimoku cloud

• Sideways action may see break above cloud, also above 0.8571-74 hourly cloud

• Option expiries today E804 bln between 0.8500-60, smattering 0.8575-0.8650

• EUR/CHF well bid again Asia 0.9390-96 EBS, towards 0.9409 peak August 14

• Seems CHF-funded carries being put back on after recent dips

• Related comments , also , for more click on [FXBUZ]

EUR/USD:


EUR/USD nearby option expiries this week:


EUR/CHF:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)