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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