EUR – Orders & Levels

EUR/USD:

Above: Sell orders on the day are clustered around 1.2775 and again lower down at 1.2748/60. Note there are stops above 1.2780.

Also selling at 1.2708 through 1.2718 in a close-by basis – short-term trading stops in place if 1.2730 breached.

(On bigger picture view, sellers 1.2820 and around).

Below: Buy orders on the day 1.2670 extending down to 1.2660. Stops below 1.2650.

On a close-in basis there are buyers 1.2690 to 1.2695.

1.2673 down through 1.2660 are again clustered with buys.

*Market focus is on the downtrend in place so while we see buy orders appearing on the books they can be spooked more easily than the sellers at present. There are a plethora of technical resistance points above the market, with MAs clustering from 1.2800 to above 1.2900.