There is arguably just one to take note of on the day, as highlighted in bold below.
That being for EUR/USD at the 1.1800 level. It isn’t one that ties to any technical significance but the expiries could provide a bit of a floor for price action on any downside extensions later in the day.
The currency pair is very much caught in a tussle now around its 200-hour moving average of 1.1853. A firm break below that will see the near-term bias shift to being more bearish instead. And amid the dollar’s firmness as precious metals are still facing a volatile selling bout, we could see further dollar strength creep in to start the week.
As such, that could keep some downside pressure on the pair in bringing about the expiries at the figure level. That’s just about the only potential impact with other expiries being too far away to factor into the equation today.
But as highlighted above, the main drivers of trading sentiment at the moment are broader market influences. That especially the risk selling and precious metals correction, driving up trader and investor nerves for now.
For more information on how to use this data, you may refer to this post here.
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