Reuters data shows that there are almost $3 billion worth of options expiring at 107.50 today (14:00 GMT), which might keep price close to that area. We saw large bids in front of 107.50 yesterday and the pair held well, considering the sharp drop in equities and the general risk-off theme. Dealers report stops through 107.40 and then again heavy bids into 107.00. Key tech support at 106.80, but should that level go…it won’t be pretty.
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