Forex Orders


There are a couple to take note of on the day, as highlighted in bold.

The first being for EUR/USD at the 1.0885 level. It isn’t one that holds much technical significance, especially with the 100-hour moving average at 1.0866 pinning price action down for now. But it could play a role in limiting any upside extensions in the session ahead at least.

Then, there is one for USD/CAD at the 1.3800 level. That alongside the 100-hour moving average of 1.3788 could help to provide a floor for price action, at least for the session ahead for the pair.

All of this considering the lack of key catalysts to get major currencies moving to kick start the week of course.

For more information on how to use this data, you may refer to this post here.



Source link

Articles You May Like

Gold Technical Analysis – New highs as rate cuts repricing pauses
Credit Agricole: 2025 will not be a repeat of the USD’s 2018 rally
GBPUSD corrects higher and closer to the 100 hour MA at 1.26811.
FX option expiries for 20 November 10am New York cut
ICYMI – (nearly) 90% of economists expect the Federal Reserve to cut by 25bp in December

Leave a Reply

Your email address will not be published. Required fields are marked *