FX possibility expiries for 14 August 10am New York lower

There are a pair to pay attention to on the day, as highlighted in daring under.

The standout are those for EUR/USD with extraordinarily giant expiries layered particularly close to and on the 1.1700 degree. That’s more likely to act as a magnet as soon as once more, in retaining value motion in a stickier spot earlier than we get to the US PPI and weekly preliminary jobless claims later at the moment. There are additionally some notable ones at 1.1715 and 1.1750 to maintain value motion in examine and extra rangebound as effectively for the session forward.

Then, there may be one for GBP/USD on the 1.3600 degree. That ought to assist to maintain a lid on value motion as effectively alongside the 23-24 July highs round 1.3584-88 at the moment. That mentioned, the near-term bias holds extra bullish for the pair with the greenback staying in a weaker spot this week.

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This text was written by Justin Low at investinglive.com.