There are a couple to take note of on the day, as highlighted in bold below.
They are for EUR/USD at the 1.1550 and 1.1600 levels. The expiry levels don’t hold much technical significance, but could help to keep tabs on price action in the session ahead. For now, we’re seeing the pair consolidate just below its 50.0 Fib retracement level of the swing lower since late July of 1.1590. As such, the expiries at the figure level will add another layer to chew through for buyers.
However, price action is nudging a little above its 200-hour moving average of 1.1565 – pushing past both its key hourly moving averages for the first time in more than two weeks. So, that’s something to note as the near-term bias is now more bullish again.
For more information on how to use this data, you may refer to this post here.
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