There are just a couple to take note of on the board for the day, as highlighted in bold below.
They are all for EUR/USD lined up in between the 1.1800 to 1.1825 level. Given the lack of key catalysts in the session ahead, the expiries could act as bookends for price action in European morning trade. That especially now that we’re seeing price nudge back just above the 1.1800 mark on the day.
The key hourly moving averages are lined up around 1.1791-06 currently, so that will also provide a bit of a floor in terms of managing the downside. The expiries at 1.1820-25 don’t tie to any technical significance but as mentioned, could act as a magnet to limit the upside potential in the event of any price range extensions.
In terms of economic data, the US weekly jobless claims is the only notable thing on the agenda today. As such, traders will be left to their own devices mostly in digesting Nvidia’s earnings, geopolitical concerns, and any further tariff headlines in the day ahead.
For more information on how to use this data, you may refer to this post here.
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