EUR/USD option expiries this week: 1.0950 and, larger, at 1.1000 - Scotiabank

Analysts at Scotiabank noted that German Chancellor Merkel won a handy election victory in a NRW state election Sunday, reflecting another pushback against populist politics in the Eurozone. 

Key Quotes:

" IMM data also showed that speculative investors had reversed their bearish bias on the EUR and built a decent net long EUR position in the week through May 9th—the first bull bet on the EUR overall since 2014, according to this data series."

"EUR bulls will be encouraged by price action today, with spot pushing back towards last week’s peak. Large option expiries this week at 1.0950 and, larger, at 1.10 are in play given spot’s rebound."

EUR/GBP: looking for a breakout one way or the other