Traders Wait For EUR/USD Break-Out

Flow in the fx options market has been thin this week, particularly on the euro/U.S. dollar cross. Players have been sidelined waiting for spot to break out of the tight USD1.3550-1.3820 range, where it has been for about two and a half weeks. A break from the range, in the absence of a big political or economic event, would be a driver in bringing players back to the market, said one trader.