US: White House Press Briefing Underway Shortly

• RES 4: 1.1919 High Sep 17 and a key M/T resistance  
• RES 3: 1.1848 High Sep 18
• RES 2: 1.1808 High Dec 24 and the bull trigger 
• RES 1: 1.1765 High Jan 2 
• PRICE: 1.1690 @ 16:24 GMT Jan 6
• SUP 1: 1.1659 Low Jan 5 and key short-term support
• SUP 2: 1.1639 50.0% retracement of the Nov 5 - Dec 12 bull leg  
• SUP 3: 1.1615 Low Dec 9 
• SUP 4: 1.1598 61.8% retracement of the Nov 5 - Dec 12 bull leg

A strong recovery from Monday’s low print in EURUSD is a bullish development and marks a possible reversal of the recent corrective pullback between Dec 24 - Jan 5. Yesterday’s price pattern is a bullish long legged doji, also known as a dragonfly doji, and is a bullish reversal pattern. It highlights a key short-term support at 1.1659, the Jan 5 low. A stronger recovery would open 1.1808, the Dec 24 high.        

• -5,000 FVH6 109-06.75, post time bid at 1236:59ET, DV01 $218,650.
• The 5Y contract has since traded to 109-07.5 last

Tuesday's Europe rates/bond options flow included:

• DUH6 106.80/107/107.20c fly, sold at 3.5 in 7k
• DUH6 106.70/106.90/107.00c fly 1x3x2, bought for 4.5 in 5k (5kx15kx10k)
• RXG6 126.50/126ps, bought for 8 in ~3.5k
• ERH6 98.125c vs 2RH6 97.8125c, trades 1.5 and 1.75 for the 2yr in 16.6k
• ERU6 97.62p sold at 2 in 11k
• ERU6 98.0625/97.9375/97.875p ladder, bought for 3.75 in 15k total
• ERU6 98.0625/98.1875 call spread vs 97.6875/97.5625 put spread, paper pays 1.75 to buy the call spread in 7.5k
• ERZ6 98.12/98.31/98.43/98.62c condor sold at 2 in 4k
• ERZ6 98.25/98.50cs, bought for 2.75 in 8k
• SFIU6 97.00/96.75ps 1x2, bought for half in 20k
• SFIZ6 96.90/97.00cs vs 96.35/96.25ps, bought the cs for 0.75 in 2k