That being for EUR/USD at the 1.1575 level. The expiries are sitting just on top of the 100-day moving average at 1.1567, so they will act as an additional layer for buyers to chew through on any upside extensions price action today.

The key technical level was what helped to hold back EUR/USD upside after the US jobs report, with the daily close on Friday falling short of breaking the 100-day moving average. As such, that remains the most important technical level as we stay on approach to the US CPI report for July on Wednesday.

For today at least, the expiries above will add another chunk of interest to the resistance level in keeping price action contained below it. All else being equal, there shouldn’t be too much else in it with a rather bare economic calendar day up ahead.

And even for tomorrow, the data docket remains relatively light. So, that will allow traders and investors to keep their focus on the US inflation data while also awaiting further developments on how things are playing out in the Middle East.

The US and Iran continue to wage war, with the situation surrounding the Strait of Hormuz still unclear. So, that will keep markets on edge for a little more ahead of the main event this week.

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