Currency option expires March 17 at 10:00 am New York discount
There are a few things to consider, as highlighted intrepid.
The first is stratified from 1.0660 to 1.0710 for EUR/USD, but especially those close to 1.0700 and quite large in size. This could very well limit gains in the coming session as the pair continues to look upbeat with a bounce off of yesterday’s 100-day moving average.
A softer dollar and a better risk mood are also helping, at least for now, but beware of the highlighted levels.
Then, there is a move near 133.00 for USD/JPY that could stop the downside a bit in the coming session. However, since the bond market is the number one factor driving the movement of the pair, I would say that its effect on price action is not very remarkable.
Finally, there is one for AUD/USD at 0.6650 that could offer some support before it rolls alongside the key hourly moving averages currently seen at 0.6635-58; this is where there should be a turnaround in market sentiment later today.
For more information on how to use this data, you can refer to this post here.