There are just a couple to take note of on the day, as highlighted in bold below.
They are for EUR/USD at the 1.1600 and 1.1615 levels. Similar to yesterday, they don’t hold much technical significance but could offer something for buyers to lean on in trying to keep price action afloat heading towards the end of the week. That as we start to see a battle around the 100-day moving average of 1.1631 currently, where price hasn’t firmly broken below that since March this year. So, that’s a key line in the sand to watch out for besides the expiries.
For more information on how to use this data, you may refer to this post here.
Head on over to investingLive (formerly ForexLive) to get in on the know!
This article was written by Justin Low at investinglive.com.