October 29, 2024 at 04:33AM
There is just one to take note of on the day, as highlighted in bold.
It’s the same one for EUR/USD as seen yesterday, at the 1.0800 level. The expiries today are relatively large and could provide a draw/magnet for price action in the session ahead. That could very well keep the price range more limited, alongside key near-term levels.
The 200-hour moving average, seen at 1.0820 currently, is still providing a ceiling for any upside extensions. And price action is trading narrowly in between that and the 100-hour moving average, seen at 1.0803 currently. So, the expiries at 1.0800 adds to some pull in and around those levels.
That until they roll off later in the day or we get a key catalyst of sorts, which isn’t likely given the lack of items on the economic calendar until US trading.
For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at www.forexlive.com.
