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FX option expires May 14 at 10:00 a.m. New York Cut

There are a few to consider, as highlighted in bold.

The first concerns EUR/USD at the 1.0750 and 1.0800 levels. The latter will be more interesting because it acts alongside the single-digit bids and the 200-day moving average at 1.0790 to limit the upward price action on that day. Of course, until we get to the US PPI data.

Next, there is one for USD/CHF at the 0.9100 level. This could also help limit any potential upward movement in the pair until we get to US trading later.

And finally, there is one for AUD/USD at 0.6590 and that should at least help contain any outsized decline in European trading. This, considering the key hourly moving averages, also currently sits at 0.6593-96.

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

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