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FX option expiries for 28 April 10am New York cut

There are a couple to take note of on the day, as highlighted in bold below.They are all for EUR/USD layered in between the 1.1700 to 1.1750 levels. Given the size of the expiries, we could see more cagey price action in the session ahead in and around the levels noted. That especially if market sentiment remains more guarded and cautious, as we have seen typically to be the case in European trading since last week.That being said, the floor for the pair at the moment remains closer to the 200-day moving average at 1.1675 currently. So, keep that in mind in case of any downside extensions. However, the expiries at 1.1700 could be a factor in pulling price action and keeping things more sticky in European morning trade.As for topside levels, the gains yesterday were limited by the 200-hour moving average instead. That is seen at 1.1744 currently and sits near the larger expiries above too. So, the expiries and the key technical level will act as a bit of a ceiling in limiting price movements to the topside.All of that of course is subject to headline risks and the broader market mood surrounding the US-Iran conflict. As things stand, we’re still nowhere near finding a solution with both sides still not willing to talk. So, the overarching negative mood is still something to consider as it is the bigger driver of trading sentiment this week.There was a mix of headlines overnight with CNN initially reporting that the US and Iran may be close to a deal. However, that was countered by a WSJ report that Trump does not fancy Iran’s proposal of separating nuclear talks from overall negotiations.For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at investinglive.com.

🔗 Source

💡 DMK Insight

EUR/USD is sandwiched between 1.1700 and 1.1750, and here’s why that matters: With significant expiries in this range, traders should brace for potential volatility. This could lead to choppy price action as market participants position themselves ahead of these expirations. If we see a breach of either level, it could trigger a wave of stop-loss orders, amplifying the movement. On the flip side, if the pair holds within this range, it may indicate consolidation before a breakout. Keep an eye on the daily chart for any signs of momentum building as we approach these key levels. Also, consider how this might affect correlated assets like the DXY index. A strong move in EUR/USD could reflect broader sentiment shifts in the forex market, impacting other pairs as well. Watch for any news or economic data releases that could influence the euro or dollar, as these could serve as catalysts for movement beyond the expiries.

📮 Takeaway

Monitor the 1.1700 and 1.1750 levels in EUR/USD closely; a breakout could signal significant volatility in the coming sessions.

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