FX option expiries for 9 January 10am New York cut

There are quite a few to take note of, as highlighted in bold.

They are all for EUR/USD with the big one to take at the 1.0300 level. That could very well act as a magnet for price action in the session ahead, before we get to US trading at least. Then, the ones at 1.0260-70 will also help to add to a defensive layer for any further dollar strength – at least in European morning trade.

All that being said, just be reminded that it is a pseudo US market holiday today and that could limit any major movements in the day ahead. For now, the dollar remains in prime position after the gains in the past two days.

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.