Considering that US markets are closed today, there is a notable lack of interest on the expiries board to start the week. That being said, there is one that could still factor into play. And that is for EUR/USD at the 1.1850 level.

The currency pair remains caught in between its 100 and 200-hour moving averages since Friday, with the latter even already providing support for the pair since Wednesday. That key near-term floor level is seen at 1.1852 currently.

So, that holds close by to the expiries above and could act as a decent lower bound for price action in the session ahead. That also as there is a lack of key catalysts for markets today amid the long weekend in the US.

As such, we could see a more lackadaisical mood in terms of price movements in European morning trade. However, just keep in mind the potential impact of the expiries and key near-term level above in case we do see some extensions to the current narrow range.

Besides that, there isn’t anything else worth noting on the day. So, expect it to be a quieter session in Europe today.

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

Head on over to investingLive (formerly ForexLive) to get in on the know!