Technical levels in play through US data for the EURUSD

Technical Analysis

Author: Greg Michalowski | eurusd

What levels to eye

Mike outlined the key option expires. It seems there is a bunch in play today.
  • EURUSD: 1.2200 (EUR 1.8bln) 1.2275 (1.4bln) 1.2300-10 (2.1bln) 1.2340 (935m)1.2345 (600m) 1.2400 (2.0bln) 1.2455-65 (1.35bln)
What technical levels are in play?

  • The price traded down to the 200 hour MA (green line in the chart above) at 1.23375 and stalled.  A move below is more bearish.
Targets below include:
  • 1.2312. This was a swing low from Feb 6th. Yesterday, the price bottomed near the level before moving higher.
  • 1.2292-97: 100 hour MA and swing levels (see blue line in the chart above).
  • A move below is more bearish. 
Targets on the topside:
  • 1.2363-68: The 50% of the move down from the Feb high and the 100 bar MA on the 4-hour chart (blue step line).  
  • 1.2401.  The 61.8% of the move down from the Feb 1 high.
  • A move above is more bullish.


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