The EUR/USD currency pair is currently facing resistance at the 1.0700 level, which coincides with the 38.2 Fib retracement level of its recent swing lower this month. This technical level is often seen as a potential turning point for price action. Additionally, there are significant option expiries approaching for the pair, which could lead to increased volatility and stickier price action around the 1.0700 level as market participants adjust their positions ahead of the expiries. While the dollar has shown some weakness this week, it remains to be seen whether it will be enough to push the EUR/USD pair notably higher. However, the option expiries could provide some support and prevent any significant decline in the pair in the near term.
EUR/USD Faces Resistance at 1.0700 Level
