Markets

EURUSD holds 1.1170 as strong demand prevails

It's been a soggy session for the euro but further falls are being stemmed for the moment 16 June 2016

I've been highlighting the strong demand between 1.1170-75 for a while now in the order board posts and we've just hit 1.1175 before a bounce to 1.1190.

EURJPY is holding 116.50 and EURGBP has demand into 0.7900.

Expect euro rallies to meet decent supply as Brexit fears play out across the board but this latest move is also USD-positive generally with AUDUSD down to 0.7347 and USDCAD up through 1.3000.

Large EURUSD option expiries in play today too to muddy the picture.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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