FX option expiries for 2 July focus on EUR/USD at 1.1400

FX option expiries for the 2 July New York cut are concentrated in EUR/USD, with strikes layered between 1.1350 and 1.1400. The 1.1400 level stands out as the most significant, aligning with key technical resistance around the hourly moving averages near 1.1394-98. These expiries are likely to cap near-term upside in the pair during European morning trade, ahead of the US non-farm payrolls release.

The concentration of option expiries at the figure level often acts as a magnet or a barrier for spot price action. With the 1.1400 strike coinciding with the confluence of moving averages, it reinforces a resistance zone that may limit any bullish attempts before the payrolls data. Traders should monitor how spot interacts with these levels, as expiries can amplify volatility when they are triggered or defended. For real-time quotes on EUR/USD and other major pairs, check NowPrice's live fx rates.

Looking ahead, the focus shifts to the US non-farm payrolls report, which will provide fresh cues on the labor market and influence Fed policy expectations. A strong print could boost the dollar and push EUR/USD lower, while a weak number might trigger a break above 1.1400. Option expiries for the rest of the week will also be worth tracking, as they can shape intraday dynamics. Traders should stay alert for any shifts in risk sentiment and central bank commentary.