Euro Futures Options Idea (18 Jan 2024)

43 sec read

[ Euro Futures Options Idea ] ‣ As traders pare back their US interest rate cut expectations, the Euro/USD futures (/6E) sunk to the bottom of its three-month-old price channel. The scenario described in last week’s post has now unfolded completely: https://lnkd.in/gFmgQUTD ‣ The /6E could hold support around 1.090 in the near-term, possibly bouncing back up to 1.100. However, /6E will likely remain rangebound between 1.070 and 1.115 over the coming weeks. ‣ The /6E’s steep fall has resulted in elevated volatility in the past two trading sessions, offering an opportunity to implement a short strangle strategy on the options of…...

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Roaring Options Market commentary and trade ideas for US stocks, bonds, commodities and FX.
desmondchew An avid market watcher with keen interests in investing, employing strategies particularly of a contrarian bent.