March 06, 2025 at 06:14AM
There are a couple to take note of on the day, as highlighted in bold.
They are for EUR/USD at the 1.0845-50 levels. Considering the strong bullish momentum in the pair, it’s tough to ignore the expiries towards the upside in the day ahead. As things stand, the pair is already now testing waters above 1.0800 though there is the 61.8 Fib retracement level at 1.0817 to get past as well.
That said, buyers will be targeting the 1.1000 level in the bigger picture and may look to build towards that when European traders step in later. So, the expiries above might come into play and perhaps keep a lid on things before we get to the ECB at least.
However, just be wary that the bullish momentum in the euro is quite strong and may yet override the impact of the expiries on a week like this. But it’s good to know that there is something there that could influence price action in the session ahead I guess.
For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at www.forexlive.com.
