FxWirePro: EUR/USD shorts straddle place tight hedge in range-bound zone
On medium term perspectives Euro trading against dollar would see a range-bounded trajectory of 1.0521-1.2107 amid Greece negotiations boiling around the corner.Medium term trend has been downtrend with relative strength…
On medium term perspectives Euro trading against dollar would see a range-bounded trajectory of 1.0521-1.2107 amid Greece negotiations boiling around the corner.
Medium term trend has been downtrend with relative strength index signaling bullish strength on monthly charts, (RSI 14 at 33.0691).
While slow stochastic suggests oversold pressure as %D line crossover occurred below 20 levels.
The pair signing to fall well within above trajectory but slightly upward bias, we recommend shorting At-The-Money straddles with similar maturity.
To execute this strategy one has to sell 1M At-The-Money call and sell 1M At-The-Money put options.
The highest returns can be achieved when the EUR/USD on expiration date is trading at the strike price of the options sold, which means exchange rate after 1 month should remain somewhere near current prevailing exchange rate.
At this price, both call and put options mature worthless and the options writer keeps the entire initial credit taken as profit.
Australia's September 2026 labour report shocked to the negative: unemployment climbed to 4.7% from 4.6% and employment dropped by 39,300 against expectations for a 20,000 increase. Part-time work dropped by 73,700, whic…
UNCX Network, a cryptocurrency token vesting platform formerly known as UniCrypt, suffered a security exploit on Wednesday that drained approximately $86,000 from its shared Ethereum token pool. Blockchain security firm …
Solana is preparing to introduce its highly anticipated Alpenglow consensus upgrade on October 21, 2026, marking one of the blockchain's biggest technological changes since its launch in 2020. The upgrade aims to signifi…
