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FX choice expiries for 25 March 10am New York lower

There is arguably just one to take note of on the day, as highlighted in bold.

That being for EUR/USD at the 1.0850 level. That said, the expiries might not have too much impact with sellers in near-term control and eyeing another test of the 1.0800 mark today. That’s the bigger level in play for EUR/USD currently alongside the 100-week moving average at 1.0780. A firmer break under 1.0800 is likely to keep the downside pressure going on the week.

The expiries above may feature alongside the 100-hour moving average, now seen at 1.0852, in terms of limiting any upside. That is if price action decides to stretch a little, though the bias is continuing to favour sellers for now.

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

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