FX option expiries for 16 October 10am New York cut

There are just a couple to take note of on the day, as highlighted in bold below.They are all for EUR/USD with the expiries layered through 1.1600 to 1.1700. The pair is doing battle around the 100-day moving average of 1.1645 currently and the expiries at 1.1650 could play a role in terms of keeping price action more anchored in the session ahead.That said, the near-term bias is more bullish now on the week and that could see price extensions to the upside in European trading. So, the expiries at 1.1700 adds some layer to the ceiling for now at least.As for the larger ones at 1.1600, they shouldn’t factor much into play unless we get some headlines leading to dollar bids in a change of pace. The 100 and 200-hour moving averages at 1.1600 and 1.1625 are also key near-term levels to watch in case of any downside shoves during the session ahead.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.

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The positioning of expiries between 1.1600 and 1.1700 suggests a tight trading range for EUR/USD, indicating that market participants are bracing for volatility around this key level. As the pair hovers near the 100-day moving average, it highlights the importance of technical indicators in shaping short-term sentiment. Investors may note that a breach of this range could trigger significant price action, potentially reshaping trading strategies in the days ahead.