FX option expiries for 26 February 10am New York cut

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

The first ones are for EUR/USD and they are layered at 1.0450 and then from 1.0500 through to 1.0530. Once again, the pair is eyeing a potential breakout above 1.0500 on the week. As such, the expiries at 1.0500 through to 1.0530 will be the more interesting ones. Those will likely help to keep price action in check in what will be a quieter session in Europe later.

The 100-day moving average for the pair comes in at 1.0537 currently. So, that will add to another defensive layer in keeping buyers at bay before the expiries roll off later today.

Then, there is one for USD/JPY at the 150.00 level. It’s not really indicative of much as the pair is pinned down below its 100-hour moving average, seen at 149.67, since the start of the week. But if there is any upside push, the expiries could help to limit that in European morning trade.

And lastly, there is one for USD/CHF at the 0.8955 level. It doesn’t tie in to any technical significance, so the expiries might just act as a bit of a temporary magnet with the pair eyeing a downside test of its 100-day moving average of 0.8901 since the drop last week.

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.