FX option expiries for 10 June 10am New York cut ...Middle East

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FX option expiries for 10 June 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.

The first ones are for EUR/USD at the 1.1400 and 1.1425 levels. Similar to yesterday, that should help to lock price action more intact until we get a change in broader sentiment from US-China trade talks. The 200-hour moving average in the pair, now at 1.1390, continues to also help maintain price action closer to the figure level for the time being.

    Unless that breaks, the price action reinforces the impact of the expiries above at least for the session ahead.

    Then, there is one for USD/CAD at the 1.3695 level. It isn't one that ties to any technical significance but the expiries could just keep price action more muted until we get more meaningful headlines from the US-China talks in London.

    For more information on how to use this data, you may refer to this post here.

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

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