FX option expiries for 1 June 10am New York cut

<p>There are two to take note of, as highlighted in bold.</p><p>And they are both for EUR/USD at 1.0700 and around the region of 1.0725-35. In between that, there is the 100-hour moving average for the pair at 1.0711 currently, so put together all of this should act as a somewhat defensive layer for sellers to try and maintain the downside momentum.</p><p>Coming up later, there will be Eurozone CPI data to add to the mix but for now, dollar sentiment remains a pivotal driver particularly after the Fed remarks from yesterday.</p><p>If anything else, we could see price action be more limited closer to and also in and around the 1.0700 mark at least.</p><p>For more information on how to use this data, you may refer to this post <a href="https://www.forexlive.com/Education/!/forexlive-education-option-contracts-their-impact-and-how-to-trade-off-them-20161116/" target="_blank" rel="follow">here</a>.</p>

This article was written by Justin Low at www.forexlive.com.