EUR/USD option expiries drew the main focus for the August 14 10 a.m. New York cut, with the key level seen at 1.1550.
The source article said this was the only expiry worth noting on the day. It added that the position does not line up with a technical level. However, it could still act as a pull factor and help keep trading in a tighter range during the session.
EUR/USD Option Expiries Near Key Ceiling
The pair stayed below its 100-day moving average, which the source placed at 1.1566. That level remains the main technical ceiling for now. As a result, the article said the market would likely need a fresh catalyst to trigger a larger move before the week ends.
The report also said there was little else from the listed expiries that was likely to affect price action on Friday. Therefore, traders were expected to rely more on broader dollar sentiment to guide moves.
Dollar Sentiment Remains the Bigger Driver
The article said US-Iran developments remained in limbo. Meanwhile, USD/JPY was not seen as threatening the 160 level. Because of that, the source said there was no clear danger yet of an added intervention play.
However, it also noted that intervention risk still remains a possible threat. If that changes, it could temporarily weigh on the dollar. For now, the source said traders should stay alert to that risk even as EUR/USD option expiries at 1.1550 remain the main point of interest.
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Source: InvestingLive
