EUR/USD 1.1600 option expiries may limit trading ahead of U.S. jobs data
Key Takeaways
- •EUR/USD has a key option expiry at the 1.1600 level for the day.
- •The expiry is expected to act as a pull factor and help keep price action contained.
- •The euro was the only major currency to post a slight gain against the dollar on Monday.
- •Near-term support is identified around the 100-day moving average at 1.1568, while resistance is seen near the 200-day moving average at 1.1630.
- •Traders are looking ahead to Friday’s U.S. jobs report, which is likely to drive broader dollar sentiment.

There is arguably just one option expiry to note on the day, as highlighted in bold below:
EUR/USD at the 1.1600 level.
With a new month beginning, the setup in EUR/USD looks much like the recent pattern. The expiries at 1.1600 are not tied to any major technical significance, but they are likely to act as a pull factor and help keep price action relatively contained for now.
That was also the case on Monday, when the euro was more or less the only major currency to edge slightly higher against the dollar. Other currencies were broadly more subdued, with traders still digesting the hawkish push from Fed chair Warsh on Friday last week. In that kind of backdrop, short-dated expiries can matter more than usual because they may reinforce nearby levels already shaping intraday trade.
The expiries may keep trading limited around the figure level through the day. Downside appears more restricted near the 100-day moving average at 1.1568, while upside is likely to be capped by the 200-day moving average at 1.1630. Broad price action is therefore expected to remain within those bounds for now.
In the broader picture, the focus remains on dollar sentiment, and traders will turn their attention to the U.S. jobs report on Friday next. That leaves the 1.1600 area as a reference point for a session likely to stay data-sensitive ahead of the main event later in the week.
For more information on how to use this data, you may refer to this post here: https://investinglive.com/Education/!/forexlive-education-option-contracts-their-impact-and-how-to-trade-off-them-20161116/