EUR/USD: Back Testing 1.3130, 1.3100 Options In Focus

As North American open, EUR/USD is back testing the 1.3130 area where good bids are reported. Those awaiting fresh the short-term direction will look to the US entrance for momentum but below 1.3130, the 1.3100 level comes back into sight. Stops may reside below 1.3090 but option related buying, ahead of the EUR 1.2/5Bln 1.3100 expiry, is expected to emerge to help stall further weakness.