There is arguably just one to take note of on the day, as highlighted in bold below.
That being for EUR/USD at the 1.1750 level. The expiries rest in between the 100 and 200-hour moving averages of 1.1737 and 1.1765 respectively. So, that could help to play a role in terms of limiting any upside extensions on the session alongside the key near-term technical levels above. But given the state of play, I’d wager more importance of the technicals than the expiries above. The pair is weakening back to start the week, continuing the bounce on Friday in trying to erase last week’s drop.
That as month-end flows will also be part of the picture in the next two days. Here’s the take on that by BofA and this one by CACIB.
For more information on how to use this data, you may refer to this post here.
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