• bitcoinBitcoin (BTC) $ 79,712.00
  • ethereumEthereum (ETH) $ 2,264.93
  • tetherTether (USDT) $ 0.999463
  • bnbBNB (BNB) $ 669.48
  • xrpXRP (XRP) $ 1.43
  • usd-coinUSDC (USDC) $ 0.999719
  • solanaSolana (SOL) $ 90.77
  • tronTRON (TRX) $ 0.350972
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03

FX option expiries for 12 May 10am New York cut

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 1.1745-50 levels. These don’t tie too much to any technical significance but they do sit in between key near-term technical levels. The 100 and 200-hour moving averages rest at 1.1758 and 1.1734 respectively. So, the expiries are placed in between that layer and perhaps may offer some pull in keeping price action more grounded in the session ahead.Dollar sentiment has been a little mixed to start the week with the 1.1800 mark still capping EUR/USD upside for now. And with US-Iran developments being dealt a setback, we’re now seeing the dollar push up a little today. It’s not much but it could keep EUR/USD locked closer to the expiries level before rolling off later in the day.That unless of course we get any headlines from the Middle East to shake things up. However, that is not likely for now as US president Trump is gearing up to prepare for his trip to Beijing tomorrow.As such, markets will be sidetracked a little as the US-Iran conflict continues to brew in the background. That remains the key risk for trading sentiment for the coming days regardless.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 flirting with the 1.1745-50 range, and here’s why that matters: With expiries clustering around this level, traders should keep an eye on how price reacts. While these levels don’t hold significant technical weight, they sit between the 100 and 200-hour moving averages, which could create a battleground for buyers and sellers. If the pair breaks above 1.1750, we might see a push towards the next resistance level, potentially drawing in momentum traders. Conversely, a failure to hold this range could trigger a sell-off, especially if we see a close below the 1.1730 mark. It’s also worth noting that the lack of strong technical significance at these expiry levels might lead to a more volatile reaction than usual, as traders could be caught off guard. Keep an eye on volume and market sentiment around these expiries, as they could provide clues for the next move. Watch for any shifts in the broader market context, especially with upcoming economic data releases that could impact the Euro or the USD.

📮 Takeaway

Monitor the EUR/USD around the 1.1745-50 range; a break above 1.1750 could lead to bullish momentum, while a drop below 1.1730 may trigger selling pressure.

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