Please choose another time period or contract. Daily chart The chart above shows the bears may have run out of steam near the trend line support, which currently stands at 1. You won't receive any more email notifications from this author. As in the Black—Scholes model for stock options and the Black model for certain interest rate options , the value of a European option on an FX rate is typically calculated by assuming that the rate follows a log-normal process. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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