FX option expiries for 29 July 10am New York cut ...Middle East

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The first one is for EUR/USD at the 1.1600 level. The pair fell hard yesterday, posting its biggest one-day drop since May as euro traders reacted negatively to the US-EU trade deal. That said, the drop also comes amid a broader bid in the dollar and that's still setting the tone for today. As such, the expiries above might just be what puts a cap on price action during the session ahead with the near-term bias being more bearish now.

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

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