FX option expiries for 8 October 10am New York cut

Forex Short News

There is just one to take note of on the day, as highlighted in bold below.

That being for EUR/USD at the 1.1650 level. It isn’t one that ties to any technical significance, so the expiries might not factor too much into play. That especially as the euro remains heavy amid France’s political turmoil while the dollar is underpinned from bids such as the one seen with USD/JPY as well. For the pair, the 100-day moving average at 1.1628 is now at stake so that’s the key line in the sand to watch out for in the day ahead. But if we do get to see a bounce for whatever reason, the expiries above should help to limit that so long as the underlying sentiment above remains.

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This article was written by Justin Low at investinglive.com.