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FX Option expires July 25 at 10:00 a.m. in New York


There are a few to note for today, as outlined in bold.

That of EUR/USD is likely to act as a ceiling to the price action, if we see an upward push in the pair. Last week’s highs around 1.0269-78 will also be a point of short-term resistance to watch alongside key resistance in the form of the 50.0 Fib retracement level at 1.0283 – which holds always for now.

As for the AUD/USD, it’s unlikely to come into play given market sentiment, but it’s at a key level that should limit any major upside for the pair on the latest rally. The 50.0 Fib retracement level at 0.6982 will also contribute to this, but as mentioned we probably won’t see either that or 0.7000 come into play today barring the headlines.

For more information on the use of this data, you can refer to this article here.

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