There are just a couple of expiries to take note of on the day, as highlighted in bold below.
They are for EUR/USD at the 1.1500 and 1.1550 levels. The expiries don't tie much to any technical significance, with the currency pair now weaving in and around the 100 and 200-hour moving averages at 1.1533-41 mostly. That as we see the dollar get settled in during the week, awaiting the US CPI report later today.
Given the anticipation ahead of the main event, there shouldn't be much else to distract from that. As such, expect EUR/USD price action to be more muted in the run up; with or without the expiries impact.
In any case, I wouldn't expect much pull from the expiries above as topside action is still more limited by the 100-day moving average at 1.1566. Meanwhile, there will be some bids layered closer to the 1.1500 mark but we are unlikely to see the expiries factor much into play to add to that before the inflation data.
Dollar sentiment is largely riding on the US CPI report today, so that will be the bigger factor to move major currencies. That as well as any further potential yen intervention play, with USD/JPY starting to get closer to the 160 mark once again. So, just be wary of that.
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This article was written by Justin Low at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
