Options Show Euro Support Likely to Survive ECB Meeting: Analysis
Traders look to payrolls, Yellen to drive euro dollar.
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Currency option gauges suggest the lower band of euro-dollar’s recent elevated range at 1.1058-1.1616 may remain intact after the European Central Bank rate decision and President Mario Draghi’s press conference later today, Bloomberg strategist Vassilis Karamanis writes.
Overnight implied volatility of about 15 percent yesterday suggested a breakeven of 71 dollar pips -- an indication of how much the currency pair could move in either direction.