Яндекс.Метрика EUR/USD holds steady as large expiries come into focus in trading today – Technologies of the future for life!
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EUR/USD holds steady as large expiries come into focus in trading today


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EUR/USD sits near unchanged levels as buyers maintain near-term bullish bias; price holds above 100-hour moving average


ForexLive

The dollar may have firmed since overnight trading but the near-term bias in EUR/USD continues to side with buyers for now as sellers are unable to contest a move below the 100-hour MA (red line) – currently at 1.1354.
Trade talks remain the major focus for markets but for EUR/USD we’ll have some US data to navigate through later today before we get inflation data from the euro area tomorrow and on Friday to possibly influence price action in the near-term.
But for the current session and the one to come, it’s all about option expiries with about €5.0 billion worth of expiries set to roll off later today between 1.1370 and 1.1390.
The large amounts all over the place can largely be attributed to month-end and quarter-end positioning but that will likely help to keep price action limited around said levels barring any major developments in markets.
After they do roll off, look out for either side of the 100-hour MA or the 1.1400-20 levels in EUR/USD as buyers and sellers continue to do battle in search of seeking more momentum during the trading week.

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