The first being a set of expiries for EUR/USD from 1.1600 through to 1.1700. The larger and more prominent ones are acting as bookends for price action in a sense. But considering the softer dollar, the one at 1.1700 might be of more focus. The pair has run up to its highest since 2021 with little on the technical side to really keep things down.
Then, there is one for AUD/USD at the 0.6500 mark. After a notable dip earlier in the week, the pair has rebounded strongly as geopolitical tensions fade into the background. We're now back to talking about a potential firm breakout above 0.6500 with key daily resistance around 0.6537-50 still holding. That region is the more important thing to eye at the moment amid a weaker dollar but the expiries could offer some pull factor in European trading if there isn't anything else to work with i.e. if there is no real dollar bias until we get to US trading.
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This article was written by Justin Low at www.forexlive.com. Read More Details
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