BBH: What to expect from the euro / dollar today?

The euro / dollar rose in price over the last three consecutive sessions, and also made an attempt to grow today, but at the very beginning of the European session, a surge in demand for the American currency sent the pair to the “red” territory. Now it looks like the euro / dollar will hold soon, consolidating around current levels. The nearest support is $ 1.1780, in addition, today a large option (E1.2 bn) is expended with a strike of $ 1.1750. The 20-day MA, below which the pair has not fallen since the end of June, is now at $ 1.1735.

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