FX option expiries for 25 July 10am New York cut

There is just one to take note of on the day, as highlighted in bold below.

That being for EUR/USD at the 1.1745 level. The pair nudged higher after the news yesterday that the ECB is looking to pause through September. However, the upside momentum was rather limited as money markets had just priced in one more rate cut by year-end beforehand.

Still, the upside momentum this week is largely retained even if the dollar did battle to win back some ground overnight. The expiries above might just help to keep price action more limited in the session ahead, before traders look to figure out what to make do of posturing ahead of trade developments going into next week.

The 100-hour moving average at 1.1723 currently is one of the more pivotal technical levels to be wary of and could outweigh the expiries in terms of significance today.

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

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