EUR/USD: Options market turns most EUR bearish in a month
|One-month risk reversals on the Euro (EUR), a gauge of calls to puts, marks the heaviest negative figures, -0.1000 mark, since February 26 on the weekly basis during the early Monday.
This goes hand-in-hand with the EUR/USD downturn that recently refreshed the yearly low.
Risk reversals flash the -0.1000 level, favoring EUR/USD bears by the press time, according to data provided by Reuters. The negative reading indicates put options are drawing higher premium (option price) than call or bullish bets.
Technically, the 200-day SMA level of 1.1875 guards the quote’s immediate upside, which joins the downbeat options to suggest further weakness towards a downward sloping trend line from February 04, at 1.1750 by the press time.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.