They are all for EUR/USD and layered between 1.1250-70, with the closest ones being less than 30 pips away from the spot price.

The expiries at 1.1250-55 could offer some pull factor on price action heading into the cut later today, with that sitting just above the 100-hour moving average of 1.1243 as well.

As such, the expiries could act as a potential ceiling for any upside price extensions during the session ahead.

That being said, the currency pair is tracking lower so far today with the dollar holding firmer amid higher Treasury yields. That continues to be the bigger driver of trading sentiment in my view. 10-year Treasury yields are keeping above 5.30%, threatening fresh multi-decade highs, and that is helping to underpin the dollar still.

The expiry level at 1.1270 is not likely to be all too impactful so long as the dollar keeps firmer. But if we do see any bounce in EUR/USD, that could still end up being close enough to be relevant. The expiries at there hold near the overnight high of 1.1270-75 and could help to add another layer to near-term resistance for the pair.

But as mentioned, the bond market will continue to have the bigger say with that having a stronger influence on dollar price action in the day ahead.

That is not to say that the expiries won’t matter at all, but the influence is likely secondary especially if Treasury yields go in search of another breakout move this week.

For more information on how to use this data, you may refer to this post here and/or refer to the Q&A below.