EURUSD finding some support with option expiries in play again

EURUSD drifting back up from post-data lows of 1.2162 1 March

Large option expiries at 1.2150 and 1.2200 lending support again .Witness yesterday's hold at 1.2200 into expiry that I highlighted.

If USD demand prevails it's difficult to see thev pair getting back above 1.2200 and holding before 15.00 GMT but we can certainly can't rule it out.

USDJPY a little higher at 106.85 though and if we were to see some general yen supply over the same time period that might help EURUSD get a leg up from EURJPY demand. Currently 1.2177 and 130.27

All interwoven as always so keep your eyes peeled across a range of pairs for price action guidance.

Remember these are vanilla options and in play right up until expiry even if breached in the meantime unlike barrier options which cease to be once broken.

For more info on how to use this all data, please refer to my post here.