There is just one to take note of on the day, as highlighted in bold below.
That being for EUR/USD at the 1.1525 level. It’s not one that ties to any technical significance but could just play a part in holding price action a little, though the downside momentum since last week remains very much intact. As such, I don’t see the expiries having all too much impact especially with the risk mood looking fairly nervous and defensive ahead of European trading today.
The rejection of the 100-day moving average continues alongside the break of the October low of 1.1542, allowing for the downside momentum to stretch further for now. The end July lows near 1.1400 will be a key target to watch on any continuation of that.
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.