There are a couple to take note of on the day, as highlighted in bold below.
There are a couple to take note of on the day, as highlighted in bold below. They are all for EUR/USD layered in between the 1.1700 to 1.1750 levels.
Given the size of the expiries, we could see more cagey price action in the session ahead in and around the levels noted. That especially if market sentiment remains more guarded and cautious, as we have seen typically to be the case in European trading since last week. That being said, the floor for the pair at the moment remains closer to the 200-day moving average at 1.1675 currently.
So, keep that in mind in case of any downside extensions. However, the expiries at 1.1700 could be a factor in pulling price action and keeping things more sticky in European morning trade. As for topside levels, the gains yesterday were limited by the 200-hour moving average instead.