Currency option expires August 30 at 10:00 am New York outage


As highlighted earlier, there are a few big events to note for the day. intrepid.

The first few levels for EUR/USD are 1.0875 and 1.0900, but neither level is of much technical importance. The charts show that price action has a range of movement between the 200-day moving average of 1.0810 and the 100-day moving average of 1.0925. But perhaps larger futures could keep price action more limited between 1.0875 and 1.0900 before turning lower later in the day.

However, we have German CPI data and ADP employment data to take into account, which can then result in greater responses to price movements.

Then there’s a sizable spike at 145.50 for USD/JPY, but that’s unlikely to be a significant pull unless bond yields see a reason to drop over the day.

Besides, there is a level at 1.3560 for USD/CAD which could act as a bit of a magnet to keep price action more sticky for at least the coming session.

For more information on how to use this data, you can refer to the article here.

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