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FX option expiries for 10 February 10am New York cut

There are just a couple to take note of on the day, as highlighted in bold below.The first one is for EUR/USD at the 1.1910 level. The expiries are not ones to tie to any technical significance, so the impact might be a bit more limited. The dollar was weaker yesterday and we’re now seeing the currency pair nudge back above the 1.1900 mark. However, the expiries could keep a lid on any price extensions in European morning trade. That especially since the focus and attention in markets will turn towards a hectic 72 hours of key US economic data releases.For some context:So, that will be the bigger centre of interest for market players over the coming days. And in turn, the data will be of more impact to price action and market movements as such.The other notable one on the expiries board is for AUD/USD at the 0.7100 level. Similarly, it’s not one that ties to any technical significance but there is seemingly a layer of offers lined up closer to the figure level. That stopped the upside push two weeks ago and also halted the momentum again in overnight trading yesterday.That is keeping the upside momentum in the currency pair in check, with the expiries likely to add a secondary layer to limiting any gains in the session ahead. That again, until we get to US trading where the focus switches to the retail sales data for today.For more information on how to use this data, you may refer to this post here.Head on over to investingLive (formerly ForexLive) to get in on the know!
This article was written by Justin Low at investinglive.com.

🔗 Source

💡 DMK Insight

The EUR/USD is hovering around 1.1910, and here’s why that matters right now: With the dollar showing weakness, traders should keep an eye on this level as it could serve as a pivot point. While the expiries mentioned may not hold significant technical weight, the psychological barrier at 1.1900 could attract attention. If we see a sustained move above 1.1910, it could signal further bullish momentum, potentially pushing towards the next resistance level. Conversely, if the pair fails to hold this level, a pullback could be in play, especially if broader market sentiment shifts back towards the dollar. It’s worth noting that the current dollar weakness might be influenced by recent economic data or geopolitical factors, which could lead to volatility in the forex market. Traders should also monitor correlated assets like gold, which often moves inversely to the dollar. Keep an eye on the daily charts for any breakout patterns or reversals, as these could provide actionable insights for your trading strategy.

📮 Takeaway

Watch the 1.1910 level on EUR/USD; a break above could signal bullish momentum, while a failure to hold may lead to a pullback.

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