There aren’t any major expiries to take note of on the day, with the full list seen below.There are some largish ones for EUR/USD at the 1.1750-60 levels but they aren’t likely to feature into play. The dollar is firmer after the stronger US jobs report yesterday but not really enough to set off a material course correction in price action just yet.In the case of EUR/USD specifically, the overnight decline was arrested by the 200-hour moving average and that is seen at 1.1841 currently. So, that will be the key near-term level to watch in putting a floor on price action today. A break of that though will free up space towards 1.1800 next at least, testing bids layered at the figure level.Amid a lack of key catalysts and more waiting until the US CPI report tomorrow, there won’t be too much to drive trading sentiment otherwise in the day ahead.So, market players will be left to their own devices barring any major surprises from the US weekly initial jobless claims data 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.
💡 DMK Insight
The dollar’s strength post-jobs report is shifting sentiment, but watch for EUR/USD’s key levels. With no major expiries today, traders might overlook the significance of the 1.1750-60 range for EUR/USD. This area could act as a psychological barrier, especially with the dollar gaining traction. If the pair approaches this level, it could trigger profit-taking or stop-loss orders, amplifying volatility. The stronger jobs report suggests the Fed might maintain a hawkish stance, which could further support the dollar. However, if EUR/USD breaks above 1.1760, it could signal a bullish reversal, enticing buyers. Keep an eye on the dollar index as well; a sustained move above recent highs could reinforce the dollar’s strength, impacting other pairs and commodities. The real story is how traders react to these levels—watch for volume spikes around 1.1750-60, as they could indicate the next move in the market.
📮 Takeaway
Monitor EUR/USD around the 1.1750-60 levels for potential volatility; a break above 1.1760 could signal a bullish reversal.






