There is just one to take note of on the day, as highlighted in bold below.
That being for EUR/USD at the 1.1600 level. That being said, I wouldn’t ascribe too much significance to the expiries above for the day ahead. At most, it will act as a ceiling to any price extensions to the upside during the session to come. Otherwise, the downside bias is now starting to build for the pair on a break below its 100-day moving average yesterday. That is the first time that price has broken below the key level since March, extinguishing the more bullish bias after seven months.
In other words, buyers have lost their touch and sellers are now in near-term control. The break of the key level above reaffirms that and opens up room for a drop towards the end July to early August lows near 1.1400. That is the more important state of play for EUR/USD sentiment currently.
For more information on how to use this data, you may refer to this post here.
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This article was written by Justin Low at investinglive.com.