There are just a couple of key expiry levels to take note of on the day, as highlighted in bold below.
The first is for EUR/USD at the 1.1100 level, which sits around 30 pips from the spot price
As things stand, the pair is still holding on to support closer to the 14 October low of 1.1111 for now. So, that will be the more immediate key downside level to watch. However, the expiries will add a secondary layer for sellers to chew through in trying to secure the next leg lower.
So if price momentum continues to favour a softer EUR/USD, just be wary that the expiries at 1.1100 may be a factor in holding price action from running too far, too fast in the session ahead. That is provided we don’t see too much else happening in markets as traders continue to digest the Fed decision and the mix of big tech earnings from overnight. Besides that, there is one for USD/CAD at the 1.3965 level with the strike holding within 30 pips of the spot price.