FX Option expires August 5 at 10:00 a.m. in New York


There are a few to note for the day, as noted in bold.

Let’s dive into those of EUR/USD first. Expirations at 1.0200 may help limit any push down before rallying as they are also holding close to the 100 and 200 hourly moving averages at 1.0195-10 at the moment. Meanwhile, higher expiries may limit gains alongside the 50.0 Fib retracement level at 1.0283. The latter in particular remains the key resistance point to watch on the daily chart.

Meanwhile, the USD/JPY at 134.00, while important in terms of size, doesn’t really play much on the technical side. That said, the 200 hourly moving average is close at 134.10 and that’s where gains stalled yesterday. But I still have the big picture range for the pair being between 130.00 and 135.00 mostly for now.

Next, we have some big ones for USD/CAD – which is kind of a sandwich price action at the moment. Those at 1.2800 will be of great interest in case of a push lower, before looking again to the 100-day moving average at 1.2782 currently for support.

On top of that there is also a big one for EUR/GBP but I don’t see it coming into play too much as it doesn’t really associate with key technical levels on the charts.

For more information on the use of this data, you can refer to this article here.


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