There are just a couple to take note of on the board for today, as highlighted in bold below.
They are both for EUR/USD at the 1.1700 and 1.1750 levels, with the current price sitting in between that. The pair continues to face more stubborn resistance on the daily chart around the 1.1730-40 region. And that is what held back the upside move after the US jobs report on Friday.
As such, the expiries should continue to keep things in check unless we get a broader extension of dollar weakness. However, I reckon the indecision in Wall Street at the end of last week is making for a bit of more tentative one to start the new week. US stocks initially cheered the softer labour market data but still closed lower, though cushioned by some late bids at least.
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