That being for EUR/USD at the 1.1600 level. As things stand, buyers are continuing to try for an upside break but is falling short of firmly breaching the 50.0 Fib retracement level of the swing lower from April to June. That key level is seen at 1.1586. So, the expiries above will add another defensive layer in keeping price action more contained below or in and around the key technical level for now.

The dollar has been trading fairly mixed this week but might see firmer direction after the FOMC meeting minutes later in the day.

But all else being equal, the expiries here should at least help to keep any upside momentum in check for the most part unless the dollar falls off. The drop in bond yields yesterday definitely did not help in delivering a more coherent picture across broader markets this week. So, it is pretty much a case of traders still figuring things out.

Looking to tomorrow though, there will be much larger option expiries to be wary about – especially for EUR/USD. So, that will be something to consider too as we look to the second half of the week.

For more information on how to use this data, you may refer to this post here.