Forex Orders


There are a couple of large expiries to take note of for the day.

The first will be a massive set of expiries for EUR/USD at 1.0590-00 but given where the spot price currently is, the expiries won’t be much of a factor despite the prodigious size. But the expiries at 1.0750-60 and 1.0800 may help to trap price action a fair bit, though the 100-hour moving average at 1.0723 currently is perhaps more of a important technical floor for the pair.

Besides that, there are large ones sandwiching the GBP/USD spot price at the moment at 1.2550 and 1.2645. The former will play near the 200-hour moving average at 1.2551 currently, though the 100-hour moving average for the pair near 1.2600 remains a key near-term level to watch as well on the day. But the expiries will add a layer to the floor in case the pair does track lower later on.

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



Source link

Articles You May Like

Forex Trading for beginners [Full Guid – 2024] |Free trading course worth Rs. 450,000 in Tamil
ECBs Holzmann says warnings of undershooting 2% him himare not warranted
USDJPY Technical Analysis – We continue to range around key levels
US NAHB housing market index for November 46 versus 43 estimate
Live Crypto and forex Trading | Bitcoin Live Trading | Gold Live Trading | 18 november 2024 🤑

Leave a Reply

Your email address will not be published.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