There are just a few expiries to take note of on the day, as highlighted in bold below.
They are all for EUR/USD and layered between 1.1350 through to the 1.1400 level. The ones at the figure level will be of more interest, as they have been in recent days as well. But considering the level of the expiries, we are likely to see them act as bookends for price action in European morning trade before we get to the US non-farm payrolls.
The expiries at 1.1400 are now keeping closer to the confluence of the key hourly moving averages at 1.1394-98. So, that adds a bit of a lid to near-term price action in keeping any upside extensions in check.
Besides that, there isn’t much else to note with traders likely to adopt a more pensive mood awaiting the US jobs numbers.
As a reminder, it will be a holiday-shortened week with US markets closed tomorrow.
For more information on how to use this data, you may refer to this post here.
