On February 10, notable FX option expiries include EUR/USD at the 1.1910 level and AUD/USD at 0.7100. Neither expiry is linked to significant technical levels, which may limit their impact on price movements. The EUR/USD pair recently moved above 1.1900 after a weaker dollar, but the expiries could restrict further gains during European trading hours. Similarly, AUD/USD faces resistance near 0.7100, where offers have previously capped upside momentum.
Market attention is expected to shift toward key US economic data releases over the next 72 hours, which are likely to have a stronger influence on currency movements than these option expiries. Retail sales data scheduled for later today will be particularly important for the US dollar and related pairs.
**Why this matters:**
FX option expiries can sometimes act as temporary support or resistance levels, influencing short-term price action. However, in this case, the upcoming US economic reports are anticipated to have a more significant effect on market direction. Traders should monitor these data releases closely, as they may override the limited impact of the option expiries.
Source: NewsData