FX option expiries for 10 July 10am New York cut

There are just a couple to take note of on the day, as highlighted in bold.

The first one being for EUR/USD at the 1.1700 level once again. The expiries there have been helping to limit downside price action on the week and will play the same role again today in the run up to the US weekly jobless claims. In the bigger picture, it’s still all about trade headlines and broader market sentiment is taking it all in rather well for now.

The next is for USD/JPY at the 146.00 mark. The expiries are not likely to factor too much into play, as it doesn’t tie to any technical significance. The 100-hour moving average around 145.77 currently is still the key near-term support level to watch out for, resting near the 100-day moving average at 145.83 as well. Those are the two more important levels for USD/JPY, with the expiries above just adding some mild interest nearby.

For more information on how to use this data, you may refer to this post here.

This article was written by Justin Low at www.forexlive.com.

EUR/USD Mid-Day Outlook

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1684; (P) 1.1724; (R1) 1.1766; More… EUR/USD’s consolidation from 1.1829 is still extending and intraday bias stays neutral. Downside should be contained by 1.1630 resistance turned support to bring rebound. On the upside, firm break of 1.1829 will resume the rise from 1.0176 and target 61.8% projection of 1.0176 to 1.1572 from […]

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