There are just a couple to take note of on the day, as highlighted in bold below.
The first few being for EUR/USD, layered in between the current price at the 1.1700 and 1.1750 levels. Recent price action would suggest that the expiries may not have much impact though. The floor price remains closer to the 200-day moving average of 1.1675 while topside momentum is likely capped closer to the 1.1800 mark.
But amid quieter trading conditions, we could see any range extensions be more limited to the expiries range. That’s about it. For more significant price movements, there are bigger levels to watch out for as noted above.
Then, there is one for AUD/USD at the 0.7200 level. Similarly, it’s not one that ties to any technical significance. As such, the impact of the expiries here is likely to be more muted. At best, it could provide a bit of a floor to price action as we move along a bit of range to start the new week.
Trading sentiment right now is still heavily reliant on the risk mood, which is leaning more towards being cautiously optimistic. In the bigger picture, Trump said he is not happy with Iran’s revised peace proposal
