News Headline Summary

EUR/USD trades in close proximity to intraday 1.2950 option expiry; trades 1.2945 (-28pips) last

Update details:

- Shorter-dated implied vols remain better bid given the uncertainty surrounding the debt buyback.
- The pair failed to break 1.3000 to the upside earlier in the session.
- Next major technical support level seen at the 50DMA line at 1.2906 and then at the 200DMA line at 1.2800.

Print 11:07, 27 Nov 2012 - Market Analysis - Source: RANsquawk