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FX option expiries for 26 May 10am New York cut

There are just a couple to take note of expiries to take note of for today, as highlighted in bold below.They are both for EUR/USD at the 1.1600 and 1.1650 levels. Much like yesterday, the expiries today are likely to also serve as points of interest to keep price action more locked in. That as traders continue to focus more heavily on US-Iran developments in the meantime.In that lieu, dollar sentiment and the overall risk mood are arguably stronger drivers of price action than the expiries would be. That in the sense that any headlines will be able to trigger more influential movements in dollar pairs and ultimately for EUR/USD as well.As some of the optimism from yesterday pulls back, that is keeping price action in check and allows for a chance for the expiries to have more of a role in pinning price action between the 1.1600 and 1.1650 levels in the session ahead.But for the bigger picture today, it’s still all on US-Iran headlines and whether or not we will see a “deal” announced. While it may sound optimistic, there very well could be a chance for a buy the rumour, sell the fact play in markets.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.

๐Ÿ”— Source

๐Ÿ’ก DMK Insight

Today’s expiries at 1.1600 and 1.1650 for EUR/USD are crucial for short-term traders. These levels are likely to act as magnets for price action, especially with volatility expected around these points. If the pair approaches 1.1600, watch for potential support or resistance, as traders may react to the expiries. A break below could trigger further selling, while a bounce could lead to a test of 1.1650. Given the current market sentiment, which is leaning towards cautious optimism, these levels could dictate the next moves. Keep an eye on volume and order flow around these expiries to gauge trader sentiment. Also, consider the broader context: if the USD shows strength due to upcoming economic data releases, it could weigh on EUR/USD, making these expiry levels even more significant. Watch for any shifts in momentum that could signal a breakout or reversal around these key levels.

๐Ÿ“ฎ Takeaway

Monitor EUR/USD closely at 1.1600 and 1.1650 today; expiries here could dictate short-term price action.

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