EURUSD gets a nose bleed as it moves into 1.0600 again via ForexLive

Short covering is getting most of the blame for the moves I noted one of our astute readers noting talk of short covering earlier on and more of that chatter is doing the rounds. There has also been some additional option plays noted as $1bn in EUR calls in overnight strikes at 1.0600 were purchased yesterday. There's 2.1bn going off at 1.06 on today's expiry and 4.1bn tomorrow. There's also some large strikes covering 1.0500 and 1.0800 in place over the few days