FX option expiries for 2 January 10am New York cut ...Middle East

That being for EUR/USD at the 1.0400 mark. That is likely to help keep a lid on price action to start the new year, with key near-term levels also seen thereabouts. The confluence of the 100 and 200-hour moving averages is seen at 1.0400-05 currently. So, put together that should limit any upside price action during the day.

But with the new year starting on a Thursday, we might not see a full return of market flows until next week. So, just keep that in mind.

here.

This article was written by Justin Low at www.forexlive.com.

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